Fri, Feb 02, 2024
The government along with LIC is selling nearly 61 per cent stake in IDBI Bank and had in October 2022, invited bids from buyers.
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Mon, Nov 27, 2023
The government, which owns over 45 per cent stake in IDBI Bank, and life insurance behemoth LIC, with a 49.24 per cent shareholding in the lender, have jointly decided to sell a 60.7 per cent stake. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, after the acquisition of an additional 82,75,90,885 equity shares.
Wed, Nov 22, 2023
The government is looking to strategically sell its 30.48 per cent stake in IDBI Bank, while state-run life insurance major Life Insurance Corp (LIC) will offload 30.24 per cent.
Fri, Oct 21, 2022
IDBI Bank has introduced a festive fixed deposit scheme -- 'Amrit Mahotsav FD'. The bank is offering increased interest rates on deposits made under the scheme.
The valuation target means the administration is seeking a premium of roughly 33 per cent, based on IDBI Bank’s market value of about $5.8 billion as of Thursday's close.
Tue, Oct 11, 2022
Currently, RBI guidelines allow industrial houses to hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.
LIC holds 49.24 per cent stake in IDBI Bank, while the government holds 45.48 per cent stake. The remaining 5.2 per cent stake is with the public shareholders.
Mon, Oct 10, 2022
On the NSE, the stock locked in an upper circuit limit of Rs 46.55 after gaining 10 per cent while on the BSE the scrip advanced nearly 9 per cent to trade at 46.40 apiece at 9:25 am
What to do in IDBI Bank, Tata Motors today? What's the good news for IDBI Bank? Know from Anil Singhvi.
Sun, Oct 09, 2022
IDBI Bank Bidding Process: In a first, the government has made it mandatory for interested buyers of IDBI Bank to provide details for security clearance from the Ministry of Home Affairs (MHA) in the first stage of the bidding process.
Fri, Oct 07, 2022
IDBI Bank will soon become Private Bank. Government will sell stake in IDBI Bank. LIC will also sell its stake. EOI issued for disinvestment. Watch exclusive conversation with DIPAM Secretary Tuhin Kanta Pandey.
The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution.
Thu, Sep 22, 2022
Belgium-based Ageas Insurance International has completed the acquisition of a majority stake in its Indian joint venture Ageas Federal Life Insurance (AFLIC), picking up 25 per cent stake of IDBI Bank for Rs 580 crore
Wed, Sep 14, 2022
The RBI in March 2021 removed IDBI Bank from its enhanced regulatory supervision PCA framework after nearly four years on improved financial performance.
Tue, Aug 30, 2022
"There are still some pending issues that need to be discussed with the Reserve Bank of India and Securities and Exchange Board of India. We are hopeful of issuing the EoI by September," the official told PTI.
Mon, Aug 22, 2022
Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.
Sat, Aug 13, 2022
Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank
Wed, Aug 03, 2022
Big news related to disinvestment of IDBI Bank. Important meeting related to disinvestment tomorrow, What is the agenda? What should IDBI Bank investors do? Watch this video.
Thu, Jul 28, 2022
How was the performance of IDBI Bank? Watch Anurag Shah's exclusive conversation with DMD, Suresh Khatanhar on IDBI Bank's performance.
Wed, Jul 27, 2022
“India Ratings and Research (Ind-Ra) has upgraded IDBI Bank Limited’s (IDBI) Long-Term Issuer Rating to ‘IND A+’ from ‘IND A’ and its Short-Term Issuer Rating to ‘IND A1+’ from ‘IND A1’,” IDBI Bank said in an exchange filing on Tuesday.
Mon, Jun 13, 2022
"We may need one more round of discussion with RBI on IDBI strategic sale. The expression of interest (EoI) may be invited by July-end," the official said. The government holds a 45.48 per cent stake in the bank, while LIC owns 49.24 per cent.
Fri, May 20, 2022
IDBI Bank on Friday said it has entered into a pact with Ageas Insurance International NV to sell its entire stake in the joint venture Ageas Federal Life Insurance Company Ltd for over Rs 580 crore.
Mon, May 02, 2022
According to IDBI Bank’s filing to exchanges, “Net Profit improved by 35 per cent for Q4FY22 to Rs 691 crore as against Rs 512 crore for Q4FY21. While its Net Interest Income (NII) stood at Rs 2,420 crore for Q4FY22 as against Rs 3,240 crore for Q4FY21.”
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