Edition:
India

IDBI Bank Ltd (IDBI.NS)

IDBI.NS on National Stock Exchange of India

61.70INR
3:59pm IST
Change (% chg)

Rs0.70 (+1.15%)
Prev Close
Rs61.00
Open
Rs61.50
Day's High
Rs62.30
Day's Low
Rs60.35
Volume
7,624,403
Avg. Vol
5,066,429
52-wk High
Rs86.40
52-wk Low
Rs60.25

Latest Key Developments (Source: Significant Developments)

IDBI Bank says not received any communication from GoI on stake sale
Friday, 7 Oct 2016 

IDBI Bank : IDBI Bank clarifies on news item "Bid to get stalled selloff moving again government to retain majority to push IDBI" . Confirm that bank has not so far received any offical communication from Government of India .Matter has not been discussed by the board.  Full Article

IDBI Bank appoints Padma Betai as CFO
Thursday, 11 Aug 2016 

IDBI Bank Ltd : Appointment of Padma Betai, as CFO in place of R. K. Bansal, executive director & CFO .  Full Article

IDBI Bank June-qtr profit rises about 79 pct
Thursday, 11 Aug 2016 

IDBI Bank Ltd : June-quarter net profit 2.41 billion rupees ; interest earned INR 73.03 billion; provisions INR 24.32 billion . June-quarter gross NPA 11.92 percent versus 10.98 percent previous quarter; net NPA 7.47 percent versus 6.78 percent last quarter .  Full Article

IDBI Bank approves appointment of R.K. Bansal as CFO
Thursday, 30 Jun 2016 

IDBI Bank Ltd : Approved appointment of r.k. bansal as CFO in place of n.s venkatesh .  Full Article

IDBI Bank seeks members' nod to issue equity shares of up to 80 bln rupees
Tuesday, 21 Jun 2016 

IDBI Bank Ltd : Seeks members' nod to offer, issue and allot equity shares of up to INR 80 billion . Seeks members' nod for mobilisation upto 200 billion rupees comprising of senior/infrastructure bonds, Basel III Tier II/additional Tier I bonds .  Full Article

IDBI Bank exec says co expects gross NPLs to come down in a year
Friday, 20 May 2016 

IDBI Bank Ltd : Exec says have made full provisions for RBI asset quality review requirements . Exec says plans to raise about 29 billion rupees of capital in FY 2017 . Exec says watching loans worth 45.91 billion rupees for payment delays . Exec says sold 12 billion rupees worth loans to ARCs in Q4⁠⁠⁠⁠ . Exec says target is to raise $1 billion from sale of non-core assets in FY 2017 . Exec says expects gross NPLs to come down in a year . Further company coverage [IDBI.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

IDBI Bank posts March-qtr loss
Friday, 20 May 2016 

IDBI Bank Ltd : March-quarter net loss 17.36 billion rupees; interest earned 69.28 billion rupees . IDBI Bank Ltd says March-quarter provisions 44.50 billion rupees; March-quarter gross npa 10.98 percent versus 8.94 percent previous quarter .  Full Article

Hindustan Fluoro Carbons says IDBI Bank dissolves stake in co
Thursday, 19 May 2016 

Hindustan Fluoro Carbons Ltd : IDBI Bank dissolves stake in co .  Full Article

IDBI Bank Ltd - Enforcement Directorate issues fresh summons to Mallya to appear on April 2 - INDIAE
Friday, 18 Mar 2016 

IDBI Bank Ltd:The enforcement Directorate (ED) has issued fresh summons to Vijay Mallya, chairman of the now-defunct Kingfisher Airlines, asking him to appear before the agency on April 2, in connection with a money laundering case. - INDIAE.Mallya had on Thursday has asked for time till "early April" to appear before the ED.The agency, that is investigating Mallya under the strict Prevention of Money Laundering Act (PMLA) had earlier directed Mallya to appear in person before it on March 18.The ED is also planning to seek the Securities and Exchange Board of India (Sebi) report on the issue of alleged round tripping of shares of United Spirits Ltd in 2007. Sebi is investigating allegation of round tripping in six accounts that belong to Mallya.Mallya has come under the scanner of multiple investigating agencies such as the CBI, SFIO and ED. His company Kingfisher Airlines has defaulted on bank loans of over Rs 7,000 crore.The ED has already grilled Ravi Nedungadi, former president and CFO at UB Group and A Raghunathan, former CFO of Kingfisher Airlines in the alleged default of over Rs 900 crore loan from IDBI Bank.Apart from Mallya, the ED had also issued summons to over half a dozen officials of IDBI Bank and KFA under provisions of the Prevention of Money Laundering Act (PMLA) wherein all the individuals have been asked to submit details about their personal finances and I-T returns of last five years.  Full Article

IDBI Bank Ltd employees call for one-day strike on March 28 - DNA
Wednesday, 16 Mar 2016 

IDBI Bank Ltd:A section of officers and employees of IDBI Bank on Wednesday called for a one-day strike on March 28 to protest against the government's proposed stake sale in the state-run lender.- DNA.The staffers, belonging to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), have given the strike call under the banner of United Forum of IDBI Officers and Employees (UFIOE).We will observe strike on March 28 to demand reversal of government's decision in the Budget that IDBI Bank will be privatised by reducing its stake," UFIOE said in a statement here. The government owns around 80% stake in the bank.In Budget 2016-17, Finance Minister Arun Jaitley had said the government was open to bringing down its stake in IDBI Bank to below 50%.  Full Article

More From Around the Web

IDBI Bank unveils turnaround plan amid fears of debt default

MUMBAI IDBI Bank on Thursday set out a turnaround plan that includes raising additional capital and selling non-core assets to help the state-run lender to improve its financial position and reassure investors anxious about a possible debt default.