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IDBI News

20 Aug 2024

IDBI Hikes Fixed Deposit Interest Rates On THESE Tenures Vs SBI

IDBI Bank offers up to 7.85% on fixed deposits for select tenures, valid until September 30, 2024. SBI’s Amrit Kalash scheme provides 7.10%, with 7.60% for seniors.

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.

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.

17 Jul 2021

Fixed deposit (FD) rates of IDBI Bank changed! Check latest rates here

Investors will get a 4.8% interest rate on FDs maturing between 10 to 20 years. IDBI Bank is offering a 5.25% interest rate on FDs maturing between five years to 10 years. FDs maturing between one to three years will provide a 5.1% interest rate.

Siva Industries

16 Jun 2021

Siva Industries case: Banks to settle bad loans worth Rs 4863 cr for R 323 cr

SBI is standing against the settlement proposal. The settlement will lead to a loss of Rs 4,700 crore in public money. Canara Bank has reportedly sold its exposure worth Rs 1,148 crore privately to IARC.

03 Sep 2019

IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI Bank shareholders -- the government and the Life Insurance Corporation (LIC) of India -- will infuse Rs 9,300 crore in the bank.

Jaypee Infratech

07 May 2019

Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension

IDBI had approached the National Company Law Tribunal (NCLT) seeking extension of the corporate insolvency resolution process (CIRP) beyond the May 6 deadline as the proceedings are still underway to find a buyer for the Jaypee group's realty firm.

05 Feb 2019

IDBI may now become LIC IDBI Bank or LIC Bank

Last month, the insurance behemoth completed the acquisition of 51 percent controlling stake in IDBI Bank.

05 Jun 2018

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

25 Sep 2017

Vijay Mallya may have diverted 'huge chunk of loan' to shell companies

A report in a leading national daily quotes sources within CBI and ED as that Mallya diverted funds to shell companies in seven countries including UK, France and Ireland.

13 Aug 2017

Inflation data, geopolitical developments to drive markets

Inflation data and developments arising from simmering tension between the US and North Korea will guide Indian equities' movement in a holiday-shortened week ahead, say experts.

Banking operations

11 Apr 2017

IDBI Bank employees to observe one-day strike today

Banking operations at IDBI Bank may be impacted on Tuesday as a section of its employees have given a strike call to press for their wage related demand.

24 Jan 2017

Vijay Mallya loan default: CBI arrests 9, including IDBI Bank ex-chairman

00 AM to get the detailed news updates!

23 Jan 2017

Vijay Mallya loan case: CBI arrests eight officials of Kingfisher Airlines and IDBI Bank

The CBI on Monday four former executives of IDBI Bank including a former chairman of the bank in the alleged money laundering case involving beleaguered businessman Vijay Mallya.

02 Jan 2017

Lending rate cuts to boost economy, push consumption: Industry

With lenders such as SBI, PNB, Union Bank of India and IDBI slashing benchmark lending rate, India Inc on Monday said the move will act as a "booster dose" for the economy and propel consumption as lending may pick up significantly.

30 Dec 2016

IDBI Bank reduces MCLR for various tenors

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.

09 Jul 2016

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

A Delhi court on Saturday cancelled the exemption granted to liquor baron Vijay Mallya from personal appearance in a case lodged for allegedly evading summons in connection with a FERA violation case.

08 Jul 2016

Vijay Mallya makes rare public appearance in Silverstone

Embattled Indian business tycoon Vijay Mallya today made a rare public appearance in the United Kingdom as he attended the Free Practice sessions ahead of Sunday's British Grand Prix, here.

19 Jun 2016

UK not yet approached for extradition of Mallya, Lalit: Sushma Swaraj

India has not yet approached the UK for extradition of liquor baron Vijay Mallya and former IPL boss Lalit Modi, wanted by Indian investigators in multiple cases, External Affairs Minister Sushma Swaraj said on Sunday, as the ED is still to provide required documents to her ministry.

13 Jun 2016

Vijay Mallya quietly sold 2 properties worth several crore before ED move

Vijay Mallya had quietly sold two properties worth several crore before Enforcement Directorate's move to attach his properties to the tune of Rs 1,411 crore

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