The bank's board has sent the LIC's proposal for buying 51 per cent to the government for approval.
25 Jul 2018 1:23 PM
Irdai has already given its approval to the insurer for the stake purchase.
18 Jul 2018 5:47 AM
Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.
16 Jul 2018 2:28 PM
LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.
10 Jul 2018 4:17 PM
'It may be noted that officers coming on deputation are entitled for special security allowance at 20 per cent on the pay,' CBI said.
08 Jul 2018 2:00 PM
This is a clear move to privatise it, bypassing the assurance given to Parliament.
03 Jul 2018 5:27 PM
Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.
30 Jun 2018 6:54 PM
Industry and government sources have said that LIC is looking to enter the banking space.
29 Jun 2018 5:15 PM
Insurance regulator Irdai is expected to clear the deal in its June 29 board meeting with some conditions.
28 Jun 2018 11:18 AM
The deal is expected to provide business synergies despite the lender's stressed balance sheet.
27 Jun 2018 1:06 PM
There have been reports that having failed to get a buyer for its stake in IDBI Bank, the govt might ask LIC.
25 Jun 2018 4:38 PM
Rajeev Kumar, secretary, Department of Financial Services at the Ministry of Finance, said in a tweet.
04 Jun 2018 2:56 PM
The bank had reported a net loss of Rs 3,199.77 crore in the corresponding January-March quarter of 2016-17.
25 May 2018 4:02 PM
The move comes amid widespread caution among public sector banks over the recent spate of towering bad loans.
24 May 2018 1:40 PM
Karpe and Ravi cease to be independent directors of IDBI Bank with effect from May 11 and May 12 respectively.
15 May 2018 1:52 PM
A total of 5,152 cases of fraud, up from over 5,000 cases in 2016-17, were reported in banks from April, 2017, to March 1, 2018.
02 May 2018 2:16 PM
The state-owned bank had given a loan to Axcel Sunshine Ltd in February 2014, which had turned into a non-performing asset.
01 May 2018 3:43 PM
CBI has named 15 officials who worked at senior levels when loans were given to firms controlled by former Aircel promoter C Sivasankaran.
28 Apr 2018 9:05 AM
The searches were spread across Delhi, Faridabad, Mumbai, Gandhinagar, Chennai, Bengaluru, Belgaum, Hyderabad, Jaipur and Pune.
27 Apr 2018 1:53 AM
Reserve Bank of India imposed monetary penalty worth Rs 3 crore on IDBI Bank for not complying with the norms.
12 Apr 2018 2:28 PM