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IDBI Bank News

23 Jan 2023

IDBI Bank Q3 net profit jumps 60 pc to Rs 972 crore

The bank's net interest income (NII) improved by 23 percent during the third quarter of the current fiscal to Rs 2,925 crore, as against Rs 2,383 crore in the same period last fiscal.

26 Dec 2022

IDBI Bank hikes interest rate on Retail Amrit Mahotsav Deposit from today

IDBI bank had also revised the Marginal Cost of Fund Based Lending Rate ( MCLR ) w.e.f. 12-12-2022. The new rates are as below

14 Dec 2022

Big news on Bank privatisation: Finance Ministry sets January 7 deadline

The government and LIC together are looking to sell 60.72 per cent of IDBI Bank and had invited bids from potential buyers in October. The last date for submitting an Expression of Interest (EoI) or preliminary bids was December 16.

07 Dec 2022

IDBI Bank to continue primary dealer business

As part of the primary dealer activity, IDBI Bank is involved in market making activities in respect of G-Secs, including T-bills. IDBI's treasury actively participates in primary auction of government bonds.

21 Oct 2022

IDBI Bank festive dhamaka! IDBI hikes FD rates --Check new rates here

IDBI Bank said it will levy a penalty of 1%, on the applicable rate for deposits closed prematurely. Such closures include the withdrawals through sweep-ins and partial withdrawals as well.

07 Oct 2022

IDBI Bank privatisation: Govt, LIC invite bids to sell 60.72% stake

DIPAM said that the potential investor should have a minimum net worth of Rs 22,500 crore The last date for submission of bids or Expression of Interest (EoI) by potential buyers is December 16 The government and LIC hold 94.72 per cent stake together in IDBI Bank

Senior Citizen fixed Deposit

23 Sep 2022

THESE two banks closing their special senior citizen fixed deposit from oct 1

HDFC, IDBI Banks to shut down their senior citizen deposit scheme from oct 1, 2022. HDFC’s Senior Citizen care FD was introduced on May 18, 2020. IDBI’s Naman Senior Citizen Deposit was kicked off on April 20, 2020.

31 Aug 2022

Government to sell stake in THIS big bank! Know the complete planning

The Cabinet Committee on Economic Affairs had given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May 2021.

IDBI Special FD Scheme

24 Aug 2022

IDBI bank opens special 500-days high interest deposit scheme; Check details

500-days special, limited time Amrit Mahotsav FD scheme is valid till 30 September 2022. IDBI bank has recently terminated its 1100-days Amrit Mahotsav FD on 22 August, 2022. IDBI bank provides 0.75% additional interest rate to senior citizens in deposit schemes.

IDBI SO Recruitment

10 Jul 2022

IDBI Recruitment 2022: Hurry Up! last date to apply for 226 SO Posts TODAY

IDBI will end the registration process for the posts of SO today, July 10, 2022 A total of 226 posts will be filled through this recruitment drive The registration process began on June 25, 2022

15 Jun 2022

IDBI Bank raises interest rates on Retail Term deposit: Check new rates

Following table denotes comparison of IDBI Bank’s existing retail term deposit rates vis-à-vis revised interest rates effective from June 15, 2022:

Reserve Bank of India

08 Apr 2022

RBI slaps penalties on Axis, IDBI Bank; will customers get impacted?

IDBI Bank has been penalised for non-compliance with RBI's directions. RBI has clarified that the penalties are based on deficiencies in regulatory compliance. The fines are not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers.

11 Mar 2022

IDBI Bank to invest over Rs 272 crores in bad bank NARCL

The bank's final holding in NARCL and IDRCL will be 5 per cent and 9 per cent, respectively. The bank said it will invest cash of Rs 137.50 crore to acquire 5 per cent equity stake and Rs 135 crore to invest in the NCDs of NARCL. Besides, Rs 4.50 crore will be invested in tranches to acquire 9 per cent equity capital of IDRCL.

Sanghavi Exports

20 Dec 2021

Sanghavi Exports defaults on IDBI Bank's loans worth Rs 16.72 crore

Banking circles describe it as the "second biggest" default of its kind notched by a diamond industry entity after the infamous Punjab National Bank scam of around Rs 14,000 crore involving Mehul Choksi and Nirav Modi - erupted in early 2018, shaking the country's banking industry.

06 Oct 2021

IDBI Bank introduces festive offers on home, auto and education loans

For auto loans, IDBI Bank has launched ‘i_zoomdrive’. IDBI Bank has introduced ‘i_learn’ education loans. IDBI Bank if offering home loans at attractive interest rates.

25 Aug 2021

IDBI Bank revises FD interest rates - Check new fixed deposit rates here

IDBI Bank interest rates for senior citizens are different. The rates are effective on all fixed deposits less than 2 crores. New FD rates effective from August 16.

IDBI Recruitment 2021

18 Aug 2021

IDBI Recruitment 2021: Last day to apply for 920 Executive posts, apply now

IDBI Bank has announced vacancies for Executive posts A total of 920 vacancies have been notified Today is the last day to apply for the job

10 Aug 2021

IDBI Bank Recruitment 2021: 650 vacancies of Asst. Manager posts, know more

This IDBI recruitment drive is being conducted to fill a total of 650 seats.

30 Jul 2021

LIC credit card launch: Earn 2X rewards on LIC premium payments

LIC credit cardholders are also entitled to receive several insurance policies such as Air Accident Insurance Cover, personal accident cover, permanent disability cover, and zero lost card liability, among others.

01 Jul 2021

SBI, Axis, IDBI, other banks change rules from July 1: All you need to know

The prices for cheque books have also been revised by SBI. IFSC codes of Syndicate Bank will change from July 1, 2021. IDBI Bank will now offer only 20-leaf cheque book for free starting July 1.

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