alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News IDBI Bank

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Govt not to participate in LIC open offer in IDBI Bank

Tuesday, December 4, 2018, 5:02 PM

IDBI Bank on Tuesday said government will not participate in LIC's open offer to acquire 51% stake in the bank. LIC's open offer to purchase 26% shares of IDBI Bank opened on December 3 and will close on December 14. In October, LIC announced an open offer for acquiring 26% of equity in IDBI Bank at a price of Rs 61.73 per share.
News Image

Banks under RBI PCA show mixed results

Wednesday, October 31, 2018, 6:59 AM

Eleven state-run banks under the Reserve Bank of India's (RBI) prompt corrective action (PCA) framework recorded higher interest income but lower asset quality, a Mint analysis showed, even as differences between the government and central bank over the framework have burst out into the open. RBI imposed PCA norms on these banks between February 2014 and January 2018.
News Image

LIC Board Agrees To Acquire 14.9% Stake In IDBI Bank As First Step

Wednesday, August 29, 2018, 11:42 AM

India's largest life insurer LIC's board will purchase 14.9% stake in IDBI Bank, as a first step towards taking majority ownership in the lender. The Union Cabinet had earlier approved LIC's proposal to acquire 51% stake in IDBI Bank through preferential issue of shares. The bank is expected to get between Rs 10,000-13,000 crore once the entire transaction is complete.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!