Page 6 - Idbi Bank
IDBI Bank third lender to drag Siti Networks to bankruptcy court
Yet to receive notice from NCLT, firm says; HFDC, IndusInd Bank had filed petitions earlier
 "IDBI Bank third lender to drag Siti Networks to bankruptcy court")
IDBI Bank files insolvency plea against Zee Ent to recover Rs 149 cr
IDBI Bank has moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises Ltd (ZEEL) seeking an insolvency proceeding against the media firm to recover dues of Rs 149.60 crore. IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update from the media major. IDBI Bank has filed an application under section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a financial creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the company, it added. "The bank's purported claim arises under a Debt Service Reserve Agreement entered into by the bank and the company for the financial facility availed by Siti Networks Ltd," it said. ZEEL is "vehemently disputing the bank's claim in other proceedings filed by the bank against the company for recovery of its alleged dues," it added further. SITI Networks, formerly known as SITI Cable Network, is a part of the Essel Group. It
 "IDBI Bank files insolvency plea against Zee Ent to recover Rs 149 cr")
IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission
DIPAM extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of the Bank to January 7 2023 from December 16 2022.
 "IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission")
DIPAM extends last date for submission of EoI for IDBI stake sale
Consortium of foreign funds, investment companies will be allowed to own over 51% of IDBI Bank
Govt may extend bid submission deadline for stake sale in IDBI Bank
January 2023 could be new date following requests from transaction advisor
Top Headlines: IDBI stake sale, comprehensive package for Vi, and more
Queries shows a strong interest in the proposed IDBI transaction
 "Top Headlines: IDBI stake sale, comprehensive package for Vi, and more")
Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty
Stocks to Watch Today: Markets to track Gujarat, Himachal Pradesh assembly results. Shares of rate sensitive sectors to be in focus as RBI policy signals likely further rate hikes.
 "Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty")
Strong interest: DIPAM receives as many as 167 queries about IDBI sale
9-10 serious bidders seek clarity on the expression of interest
Stocks to Watch: HDFC AMC, Voda Idea, IDBI Bank, Bikaji, Axis, ICICI Bank
Stocks to Watch Today: Shares of rate sensitive sectors such as auto, banks, NBFCs and real estate are likely to be in focus owing to the RBI policy announcement on Wednesday.
 "Stocks to Watch: HDFC AMC, Voda Idea, IDBI Bank, Bikaji, Axis, ICICI Bank")
Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more")
Govt clarifies foreign funds can own over 51% stake in IDBI Bank
This comes ahead of the December 16 deadline for potential bidders to submit EoIs for picking up majority stake in the private sector lender
 "Govt clarifies foreign funds can own over 51% stake in IDBI Bank")
Govt to allow consortium of foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification on Tuesday
 "Govt to allow consortium of foreign funds to own over 51% in IDBI Bank")
IDBI Bank hits 52-week high, rallies 15% in four days on heavy volumes
Finance ministry on Sunday has clarified that IDBI Bank will continue to operate as an 'Indian private sector bank' after its strategic sale.
Will the dream run continue for banks?
As the war for deposits escalates, the cost of money will rise and banks' NIM will be under pressure. Also, a few banks may invite trouble by aggressively growing their retail books without necessary
Near term margins may remain subdued for Astral, high valuation weighs
The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix
 "Near term margins may remain subdued for Astral, high valuation weighs")
Budget 2023-24: Disinvestment target likely to stay elevated for FY24
The sources said that the government expects over Rs 60,000 crore from the IDBI stake sale.
 "Budget 2023-24: Disinvestment target likely to stay elevated for FY24")
Disinvestment target for FY24 to be at a 'realistic level' of Rs 65K-crore
Centre's receipts from disinvestment till November in FY23 stand at Rs 24,544 crore
 "Disinvestment target for FY24 to be at a 'realistic level' of Rs 65K-crore")
IDBI announces new deposit scheme, lifts deposit rate to 7% for 700 days
The bank has also tweaked the deposit rate for 555 days
IDBI Bank's proposed stake sale likely to run into regulatory hurdle
Sebi raises concern over low public float in the lender
 "IDBI Bank's proposed stake sale likely to run into regulatory hurdle")
Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset
Jaypee Infratech deal expected to close by early Nov
 "Jaypee Infra insolvency: Decks cleared for NARCL to buy first stress asset")
