Sunday, 22 May, 2022
TopicIDBI Bank

Topic: IDBI Bank

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.

Selling IDBI stake to LIC is not medicine, it’s bureaucratic quackery

LIC’s customers signed up to protect their own lives – not that of a dying financial institution.

On Camera

YourTurn

Title scene of Taarak Mehta ka ooltah chashmah.

Dear Taarak Mehta, you were our peak comfort content for 14 years. Now it’s time to retire

Just like the Truman Show, all Taarak Mehta plots somehow feel the same for the past few years. It's fine to accept that ideas can go stale.
An attendant refills a two-wheeler with fuel at a petrol pump in New Delhi Saturday | ANI

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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