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Friday, November 1, 2024
TopicIDBI Bank

Topic: IDBI Bank

India pushes for $7.7 billion value for IDBI Bank in stake sale, says reports

Potential investors, ranging from domestic and foreign banks to non-banking financial firms and private equity funds, have shown initial interest, Bloomberg reported.

Why Modi govt’s modest Rs 65,000 crore disinvestment target for FY23 seems to be a tall order

Government has already met one-third of its Rs 65,000-cr disinvestment target for this year. But legal and procedural delays with high-value companies are now posing hurdles.

Cabinet approves strategic disinvestment, transfer of management control in IDBI Bank

According to the statement, the extent of respective shareholding to be divested by govt & LIC will be decided at the time of structuring of transaction in consultation with RBI.

This is what you need to do if you want to pay, or not pay, your loan EMI for 3 months

Processes vary from bank to bank with some asking customers to write to them to avail the moratorium, while others asking borrowers to inform them to opt out.

Why this banker thinks Modi govt will meet its fiscal deficit target this year

IDBI Bank’s Ashok Gautam is counting on Modi govt’s past fiscal-track record, which shows it can generate funds to plug revenue gaps.

IDBI Bank to sell $1.4 billion of its bad loans

IDBI Bank, which has India's worst bad loan ratio, wants to sell stressed loans 'by June-end to quicken pace of clean-up exercise'.

Ailing IDBI Bank wants another Rs 10,000 crore from new owner LIC, weeks after new funding

IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.

India Inc is getting retired IAS, IFS officers as directors to get closer to Lutyens’ Delhi

450 former civil servants are on company boards, many in sectors they regulated while in government, raising questions of propriety and ethics.

LIC’s plan to acquire IDBI stake hits snag as Delhi HC says act in interest of stakeholders

Court observation comes on a plea by IDBI officers that LIC proposal will result in IDBI losing status as public sector bank.

Modi govt may push for mergers to tackle crisis in state-run banks

Apart from the insolvency and bankruptcy code, the govt may announce additional mechanisms to strengthen recovery and reduce NPA levels.

On Camera

Iran’s real fantasy is to take over Muslim world. Palestine is just a façade

Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.