Page 5 - Idbi Bank
ING planning return to India by buying controlling stake in IDBI Bank
The government and the Life Insurance Corporation of India together may sell 60.72 per cent of IDBI Bank
 "ING planning return to India by buying controlling stake in IDBI Bank")
Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy
The government is expecting to get financial bids for IDBI Bank's strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation's (LIC) stake in IDBI Bank and had put in preliminary bids, the last date of which was January 7. Overall, we are looking at financial bids at least before second half (October-March) of next fiscal year, Pandey told PTI in an interview. The Department of Investment and Public Asset Management (DIPAM), which manages government holding in state-owned enterprises, had in October invited bids for selling 30.48 per cent stake in IDBI Bank, along with 30.24 per cent stake of LIC. The government and LIC together hold 94.72 per cent stake in IDBI Bank, which will come down to 34 per cent after the strategic sale. Talking about the way forward in the strategic sale, Pandey said the work on two set of clearances ...
 "Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy")
FY24 disinvestment target to be around Rs 60K-cr, big ticket deals unlikely
The government's decision to not list any new entity for privatisation may be because of the prevailing market conditions
 "FY24 disinvestment target to be around Rs 60K-cr, big ticket deals unlikely")
Top Headlines: Google challenges CCI's ruling, govt to fully exit IDBI Bank
Business Standard brings you the top headlines at this hour
 "Top Headlines: Google challenges CCI's ruling, govt to fully exit IDBI Bank")
Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR
Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
 "Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR")
IDBI Bank gets domestic, global bids for stake sale, says Dipam secy
On Saturday, the government said it got multiple bids for the majority stake in IDBI Bank
 "IDBI Bank gets domestic, global bids for stake sale, says Dipam secy")
Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
 "Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart")
IDBI Bank stake sale: Suitors may have to place financial bids by March
Shortlisted bidders would be asked for Financial bids By March
As deadline ends, Centre gets multiple bids for majority stake in IDBI bank
The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender
 "As deadline ends, Centre gets multiple bids for majority stake in IDBI bank")
Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850
Closing Bell: Nifty IT fell 2 per cent followed by 0.7-1 per cent cuts each in Bank, Financial, Metal, Realty and Pharma indices. FMCG and Consumer Durables outperformed with fractional gains
 "Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850")
IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'
At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.
Top headlines: Govt may go easy on capex in FY24, India-US trade dispute
Business Standard brings you the top headlines at this hour
 "Top headlines: Govt may go easy on capex in FY24, India-US trade dispute")
Stocks to Watch: RIL, Ambuja Cements, IDBI Bank, Voda Idea, VLS Finance
Stocks to watch today: Sebi has acceded to the central government's request to reclassify its shareholding in IDBI Bank after its disinvestment as "public holding"
 "Stocks to Watch: RIL, Ambuja Cements, IDBI Bank, Voda Idea, VLS Finance")
Sebi nod to reclassify govt holding in IDBI Bank as 'public' after sale
But govt must ensure its voting rights in bank don't exceed 15% after sale
Sebi allows govt stake in IDBI Bank to be reclassified as public post sale
The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender
Public-float rule: PSUs to remain exempt even after change of ownership
Exemption for a 'specified period' may help IDBI Bank stake sale
 "Public-float rule: PSUs to remain exempt even after change of ownership")
Banks increase deposit rates on tight liquidity, high credit growth
Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has remained consistently high
 "Banks increase deposit rates on tight liquidity, high credit growth")
Govt plans tax waivers for IDBI Bank buyer to attract more suitors: Report
The government's planned tax waiver will allow a potential buyer to avoid this levy
 "Govt plans tax waivers for IDBI Bank buyer to attract more suitors: Report")
BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo
Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008
 "BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo")
BS BFSI Insight Summit: Top pvt bank execs to take part in panel discussion
From Amitabh Chaudhry, MD & CEO, Axis Bank to Rakesh Sharma, MD & CEO, IDBI Bank here is the list of panelists from private sector banks of India at BSFI Insight Summit
 "BS BFSI Insight Summit: Top pvt bank execs to take part in panel discussion")
