Edition:
India

IDBI Bank Ltd (IDBI.NS)

IDBI.NS on National Stock Exchange of India

32.15INR
13 Nov 2019
Change (% chg)

Rs-1.25 (-3.74%)
Prev Close
Rs33.40
Open
Rs33.80
Day's High
Rs33.95
Day's Low
Rs32.00
Volume
2,343,089
Avg. Vol
6,924,611
52-wk High
Rs65.75
52-wk Low
Rs23.65

Latest Key Developments (Source: Significant Developments)

IDBI Bank Ltd Says Approved Proposal For Sale Of Co's Entire Stake In Idbi Asset Management Ltd And Idbi Mutual Fund Trustee Company Ltd
Friday, 8 Nov 2019 

Nov 8 (Reuters) - IDBI Bank Ltd ::IDBI BANK LTD SAYS APPROVED PROPOSAL FOR SALE OF ENTIRE STAKE OF IDBI BANK LTD IN IDBI ASSET MANAGEMENT LTD AND IDBI MUTUAL FUND TRUSTEE COMPANY LTD.  Full Article

India's IDBI Bank Reports Sept Quarter Net Loss 34.59 Billion Rupees
Friday, 8 Nov 2019 

Nov 8 (Reuters) - IDBI Bank Ltd ::SEPT QUARTER NET LOSS 34.59 BILLION RUPEES VERSUS LOSS OF 36.02 BILLION RUPEES YEAR AGO.SEPT QUARTER INTEREST EARNED 51.98 BILLION RUPEES VERSUS 53.56 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS AND CONTINGENCIES 56.41 BILLION RUPEES VERSUS 65.80 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS FOR NPAS 35.45 BILLION RUPEES VERSUS 54.82 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 29.43 PERCENT VERSUS 29.12 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 5.97 PERCENT VERSUS 8.02 PERCENT PREVIOUS QUARTER.  Full Article

IDBI Bank Sells 3.5 Mln Shares Of National Stock Exchange Of India
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - IDBI Bank Ltd ::SOLD 3.5 MILLION SHARES OF NATIONAL STOCK EXCHANGE OF INDIA.  Full Article

IDBI Bank Approves Divestment Of Stake In Asset Reconstruction Company (India) Ltd
Friday, 27 Sep 2019 

Sept 27 (Reuters) - IDBI Bank Ltd ::DIVESTMENT OF IDBI BANK'S STAKE IN ASSET RECONSTRUCTION COMPANY (INDIA) LTD. (ARCIL).BOARD GRANTED IN-PRINCIPLE APPROVAL TO DIVEST 19.18% OF ASSET RECONSTRUCTION COMPANY (INDIA) LTD..  Full Article

India's IDBI Bank MD Says Expects To Be Profitable By Q3 Or Q4 This Year
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - IDBI Bank MD Rakesh Sharma ::NOT GROWING CORPORATE ADVANCES.MADE RECOVERIES OF 11.53 BILLION RUPEES THIS QUARTER.WILL CONTAIN SLIPPAGES TO LESS THAN 11.50 BILLION RUPEES IN FUTURE QUARTERS.PLANS TO RAISE CAPITAL WORTH 105 BILLION RUPEES.EXPECTS TO BE PROFITABLE BY Q3 OR Q4 OF THIS YEAR.LOAN OF 15 BILLION RUPEES IN WATCHLIST.PLAN TO SELL UP TO 35 BILLION RUPEES OF LOANS TO ARCS.  Full Article

IDBI Bank June-Qtr Net Interest Margin Falls To 2.13%
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - IDBI Bank Ltd ::NET INTEREST MARGIN WAS AT 2.13% FOR Q1-2020 AS COMPARED TO 2.17% FOR Q1-2019.  Full Article

India's IDBI Bank June-Quarter Net Loss Widens
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - IDBI Bank Ltd ::JUNE QUARTER NET LOSS 38.01 BILLION RUPEES VERSUS LOSS OF 24.10 BILLION RUPEES YEAR AGO.JUNE QUARTER INTEREST EARNED 50.91 BILLION RUPEES VERSUS 57.60 BILLION RUPEES YEAR AGO.JUNE QUARTER GROSS NPA 29.12% VERSUS 27.47% PREVIOUS QUARTER.JUNE QUARTER PROVISIONS AND CONTINGENCIES 63.32 BILLION RUPEES VERSUS 52.36 BILLION RUPEES YEAR AGO.JUNE QUARTER PROVISIONS FOR NPAS 70.09 BILLION RUPEES VERSUS 46.03 BILLION RUPEES YEAR AGO.JUNE QUARTER NET NPA 8.02% VERSUS 10.11% PREVIOUS QUARTER.PROVISION COVERAGE RATIO (INCLUDING TECHNICAL WRITE-OFFS) IS 87.79% AS ON JUNE 30, 2019.IN QUARTER, MADE EXTRA PROVISION OF 35.04 BILLION RUPEES ABOVE IRAC NORMS ON SOME BORROWER ACCOUNTS DUE TO INHERENT RISK, UNCERTAINTY OF RECOVERY.DOWNGRADED TWO STANDARD RESTRUCTURED ACCOUNTS WITH TOTAL OUTSTANDING OF 22.26 BILLION RUPEES AS ON JUNE 30, MADE FULL PROVISION.  Full Article

IDBI Bank Cuts One Year MCLR To 9 Pct From 9.05 Pct
Thursday, 11 Apr 2019 

April 11 (Reuters) - IDBI Bank Ltd ::CUTS ONE YEAR MCLR TO 9 PERCENT FROM 9.05 PERCENT EFFECTIVE APRIL 12.  Full Article

IDBI Bank Says IDBI Bank Officers' Association Notified Of Strike
Friday, 5 Apr 2019 

April 5 (Reuters) - IDBI Bank Ltd ::IDBI BANK- GOT NOTICE FROM IDBI BANK OFFICERS' ASSOCIATION THAT THEY PROPOSE TO GO ON STRIKE FROM APRIL 8 TO APRIL 12 FOLLOWED BY INDEFINITE STRIKE.  Full Article

IDBI Bank Says All India IDBI Officers' Association Gave Notice Of 1-Day Nationwide Hunger Strike On March 30
Tuesday, 26 Mar 2019 

March 26 (Reuters) - IDBI Bank Ltd ::IDBI BANK SAYS BANK GOT NOTICE OF 1-DAY NATIONWIDE HUNGER STRIKE ON MARCH 30 FROM ALL INDIA IDBI OFFICERS' ASSOCIATION.  Full Article

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RBI asks Indian banks to probe alleged data leak of 1.3 million cards

NEW DELHI/MUMBAI The Reserve Bank of India (RBI) has asked banks to ensure customers' debit and credit card data is secure and investigate reports that say data of 1.3 million accounts was available online, a notice seen by Reuters showed.