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BusinessToday.In
New Delhi, February 11, 2020
Catch top stories from the world of business and economy with BusinessToday.In end of day report


Anand Adhikari
February 11, 2020
A bulk of the bank's NPAs are facing the bankruptcy proceedings where adequate provisions have been made. The bank expects to get the benefit of write-backs as and when the recovery takes place


BusinessToday.In
New Delhi, February 11, 2020
IDBI Bank Q3 results: During the quarter, IDBI Bank exercised the option of lower tax rate taking one-time hit of Rs 6,273 crore. Excluding the one-time tax impact, LIC-owned bank would have reported net profit of Rs 418 crore


BusinessToday.In
New Delhi, February 11, 2020
The development came six months after the RBI rejected proposed amalgamation of Lakshmi Vilas Bank with Indiabulls Housing Finance


Anand Adhikari
New Delhi, February 10, 2020
Institutional investors are banking on the insurance and banking combo of IDBI and LIC for a quick turnaround of the lender which has been making losses for the last four years 


BusinessToday.In
February 1, 2020
Reacting to the news, shares of IDBI Bank climbed 17% intraday to the high of Rs 39.80, as against the last closing price of Rs 33.90.


Anand Adhikari
Mumbai, January 29, 2020
Budget 2020 wishlist: The first big measure regarding banking sector that many are expecting Finance Minister Nirmala Sitharaman to announce in her second Budget speech is a hike in deposit insurance cover


Anand Adhikari
January 24, 2020
A bulk of these downgrades happened over the last three years. Any downgrade is not good because the pricing (interest rate) takes place based on the rating profile of the corporate


Anand Adhikari
Mumbai, December 28, 2019
This is primarily due to change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, RBI said in its Financial Stability Report


BusinessToday.In
New Delhi, December 27, 2019
IOB has received sanction from government for release of Rs 4,360 crore towards contribution in the preferential allotment of equity shares


BusinessToday.In
New Delhi, December 24, 2019
The Cabinet also approved appointment of a chief of defence staff (CDS), who will act as a single-point military advisor to the government. A department of military affairs headed by the CDS will also be constituted under the defence ministry


PTI
December 22, 2019
State-owned LIC, which is the promoter of the debt-ridden lender with 51 per cent stake, will pump in an additional Rs 4,743 crore to improve the bank's capital position


BusinessToday.In
New Delhi, December 20, 2019
In the last 5 years, the country has strengthened itself in a major way and thus, we can strive and achieve targets such as the $5 trillion economy target, says Prime Minister Modi


Anand Adhikari
New Delhi, December 16, 2019
The poor response from PSBs is partly because of higher existing exposure to NBFCs via lending, issues with NBFCs portfolio quality because of job losses, and stagnant income levels


Niti Kiran
New Delhi, December 10, 2019
The growth in GNPA has been moderating for SCBs at an overall level given the reduction in the slippages of the PSBs and the loan write offs


Anand Adhikari
November 13, 2019
LIC's entry into IDBI Bank, the biggest player among top m-cap gainers in banking, brings hope for investors.


PTI
November 4, 2019



PTI
October 26, 2019



BusinessToday.In
October 22, 2019
The aim is to bring down cases of data theft and reduce operational risks. But the lenders are afraid that this might lead to deceleration of consumer loans and credit cards.


PTI
October 21, 2019



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