IDBI

IDBI Bank has announced the ESO Admit Card 2024. Candidates who applied for Executive -Sales and Operations (ESO) 2025-26 can download the call letter from the official website at idbibank.in

Toll road operator is under insolvency resolution regime

State-owned NARCL has submitted an anchor bid of Rs 300 crore for exposure, prompting a Swiss auction scheduled for October 30

The consortium of lenders includes Indian Bank, State Bank of India, DBS Bank, Punjab National Bank, Bank of Maharashtra, Karur Vysya Bank, and City Union Bank apart from Canara Bank

With an aim to garner more deposits, IDBI Bank on Tuesday increased its fixed deposit rate to 7.85 per cent for 444-day tenure for a limited period. The bank now offers a peak rate of 7.85 per cent and 7.75 per cent per annum on tenures of 444 days and 375 days, respectively, IDBI Bank said in a statement. This enhancement makes the Utsav Fixed Deposit an even more compelling option for customers seeking higher yields, it said. This offer is valid till September 30, 2024, it said, adding, customers can open an Utsav Fixed Deposit conveniently through the bank's website or mobile banking application or at any branch of the bank. Besides this, IDBI Bank continues to offer competitive rates on other special tenures under the Utsav Fixed Deposit scheme. The 700-day tenure offers a peak rate of 7.70 per cent, while the 300-day tenure provides 7.55 per cent, it said. Both Finance Minister and RBI Governor have expressed concern over slow pace in deposit growth as compared to credit ...

Central government and LIC are set to divest 61% stake amid strategic disinvestment drive. The govt aims to generate Rs 50,000 crore through asset monetisation this fiscal year

Reserve Bank of India (RBI) had approved Bansal's appointment as the MD and CEO of the payments bank, he communicated on June 20 to IDBI Bank

The MACD - a key momentum oscillator has turned favourable for these 5 Nifty MidCap stocks, with charts indicating a likely upside of up to 15% ahead.

Axis Finance and IDBI had challenged the merger in NCLAT

IDBI Capital and Mirae Asset have been appointed as the merchant bankers for the listing

The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT bench deferred the hearing after the counsel appearing in the matter sought an adjournment to complete the pleadings. IDBI Bank in its plea has challenged the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which, on May 19, 2023, had set aside the insolvency plea against the media major, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). In its order, the NCLT bench had said that ZEEL, which was the corporate guarantor for the loan availed by Siti Networks -- the principal borrower of IDBI Bank -- has committed a default. However, the default was committed during the timeline specified under section 10A of the IBC. Section 10A mandates no application for initiation of a corporate insolvency resolution ..

IDBI Bank and Axis Finance have both filed pleas National Company Law Appellate Tribunal (NCLAT) challenging the merger

The RBI normally takes about 12-18 months to complete the assessment before allowing an entity to run a bank

In a past instance, the Nifty PSU Bank corrected over 23 per cent in the following two months after the index entered overbought zone on the monthly scale.

The Bombay High Court on Thursday granted interim stay on two notices issued by IDBI Bank to Jet Airways founder Naresh Goyal and his wife Anita under provisions of the RBI's master circular to declare them as wilful defaulters. A division bench of Justices GS Patel and Neela Gokhale stayed the operation of the notices, related to a loan disbursed by the bank to the airline that was grounded in 2019, till July 24 when it would hear a petition filed by the Goyals. The 73-year-old businessman and his wife, in their plea, have challenged the notices, claiming they violated principles of natural justice. The petition stated that the bank had failed to provide the Goyals with the documents which they relied upon to pass the orders. The couple also claimed they had not been granted a hearing. "The (IDBI Bank) orders are in derogation of the intent behind the RBI master circular in that under the circular, the decision taken to classify a borrower as a wilful defaulter should be well ...

The proposed combination entails LIC AMC's acquisition of the rights to manage and administer the schemes of IDBI MF from IDBI AMC

IDBI Trusteeship Services Ltd (ITSL) on Tuesday said it has commenced operations at the Gujarat International Finance Tec-City (GIFT City). In a statement, Padma Betai, MD and CEO of IDBI Trusteeship Services Ltd, said operating business from GIFT City tends to be cost-efficient as against high costs attached to maintaining overseas offices and will be a game changer in terms of revenues for the trusteeship business. Going forward, the entity will also offer facility agent services to IFSC banking units for their External Commercial Borrowings (ECB) transactions, trusteeship services to Non-Convertible Debentures (NCDs) and Alternative Investment Funds (AIFs), and escrow agency services for cross border Mergers and Acquisitions (M&A) transactions. "We are witnessing significant interest from distinctive business verticals to set up their operations in GIFT City and creating benchmarks in providing a conducive business ecosystem to financial institutions at par with global ...

Having spent nearly two decades at the country's largest bourse, Ramamurthy is among the early architects of NSE and understands all the cogs of the exchange wheel like only a few others

Nifty Midcap 100, Nifty Smallcap 100 struggle even as markets make new highs

Merger between LIC Mutual Fund and IDBI Mutual Fund is at a "fairly advanced stage", a top official said on Thursday. "The process is on, it is at a fairly advanced stage," LIC MF's managing director and chief executive T S Ramakrishnan told reporters, when asked about reports of the merger. Recent media reports have said that LIC Mutual Fund plans to absorb IDBI Mutual Fund following a regulatory diktat barring a single promoter from owning more than 10 per cent stake in two asset management companies. IDBI Bank, the parent of IDBI MF, is majority owned by LIC for the last few years. Ramakrishnan added that as and when LIC MF, the 22nd largest MF in the country with over Rs 18,000 crore in assets under management, is in a firm comment on the merger process, it will inform everybody. According to reports, there were two attempts to sell IDBI Mutual Fund that could not be successful, and it resulted in the merger with a company owned by the same parent. Meanwhile, Ramakrishnan said