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Muthoot Finance to enter asset management space; Deal on to acquire IDBI AMC, IDBI MF Trustee Company
Fri, Nov 22, 2019
Muthoot Finance Limited on 22 November 2019 entered into a definitive agreement to acquire IDBI AMC and IDBI MF Trustee Company Limited paving way for entry into Mutual Fund space.
Net NPA will come down to under 9 percent by 30 June
Sat, Jun 01, 2019
By June 30, the bank's net NPA will come down to under 9% To know more watch the video
IDBI Federal Life net profit grows by 31% in FY19
Fri, May 03, 2019
IDBI Federal witnessed an eight per cent growth in Total Premium from Rs 1,783 crore in FY18 to Rs 1,933 crore in FY19 driven by a 19 per cent growth in renewals and over 50 per cent growth in credit life.
Jaypee Infratech insolvency case: IDBI seeks deadline extension from NCLT
Mon, Apr 29, 2019
According to sources, IDBI requested the tribunal to deduct the litigation period at several judicial forums, which includes the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court.
Nifty PSU Bank Index outperforms after Rs 48,239 cr fund infusion
Thu, Feb 21, 2019
Among the other PSBs were Bank of Maharashtra, Bank of India, Indian Overseas Bank (IOB), United Bank, UCO Bank, Central Bank of India, Syndicate Bank including non-PCA banks -- PNB, Union Bank, Andhra Bank and Syndicate Bank -- so as to help them avoid the restrictions.
LIC stake reduction in IDBI Bank: IRDAI to set timeline
Sun, Feb 03, 2019
At present, the permissible limit for an insurer to hold stake in any listed entity is 15 per cent. But LIC with special dispensation from Irdai holds more than the limit in some state-run banks.
High Court dismisses appeal against LIC move to acquire 51 per cent stake in IDBI
Fri, Dec 21, 2018
The association, in its appeal, told the bench that LIC's move to acquire 51 per cent stake in the IDBI violated provisions of the Insurance Act.
India finally asks UK to extradite Vijay Mallya; here's what will happen now
Fri, Feb 10, 2017
Failing CBI’s request to extradite Mallya the request has now been sent through the Ministry of External Affairs. Third attempt to bring Vijay Mallya to justice in 11 months.