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IDBI Bank inks agreement to finance FICCI's MSME members

Last Updated: Monday, June 02, 2014, 18:25

A MoU was signed by IDBI Bank Deputy Managing Director B K Batra, FICCI Secretary General A Didar Singh.

IDBI to charge 1% lower interest on MSME loans

Last Updated: Friday, May 23, 2014, 19:32

IDBI Bank Friday signed an agreement with industry body Ficci under which it will offer loans to micro, small and medium enterprises (MSME) at one percent lower interest than the market rates and also charge low processing fee.

IDBI MF appoints Satya Narayan Baheti as CEO

Last Updated: Monday, May 19, 2014, 17:12

IDBI Mutual Fund, the subsidiary of IDBI Bank, has appointed Satya Narayan Baheti as managing director and chief executive officer of the asset management company.

State-run banks gain on RBI panel report

Last Updated: Wednesday, May 14, 2014, 12:40

Shares of state-run banks on Wednesday rose by as much as 5 percent after an RBI panel report said the government should reduce holdings in PSU lenders to under 50 percent.

IDBI Federal launches seven new plans

Last Updated: Thursday, May 08, 2014, 13:40

IDBI Federal Life Insurance is a joint-venture of IDBI Bank, Federal Bank and Ageas.

IDBI Bank Q4 net down 7% on higher provisions, flat loan-book

Last Updated: Wednesday, April 30, 2014, 23:51

"The lower profit was driven mainly by increased provisioning for non-performing loans and investments," IDBI Bank Chairman and MD M S Raghavan told reporters here.

IDBI Bank collects Rs 2 trillion in taxes in FY14

Last Updated: Friday, April 04, 2014, 21:39

The bank has surpassed the Rs 1-trillion-mark in direct tax collection during the year, a statement said.

PSU banks line up QIP issues worth over Rs 15,000 cr

Last Updated: Sunday, December 29, 2013, 13:06

Apart from State Bank of India and IDBI Bank, Indian Overseas Bank, Dena Bank and Allahabad Bank have also evinced interest in raising funds through qualified institutional placement (QIP).

IDBI MF plans to increase retail reach next year

Last Updated: Sunday, December 29, 2013, 11:21

As per the fund house, it has grown very fast compared to others which have started operations in the last three years.

IDBI Bank shares fall 2% after S&P lowers rating

Last Updated: Tuesday, November 26, 2013, 13:31

The foreign currency issuer credit rating on IDBI Bank was cut to 'BB+/B' from 'BBB-/A-3'. The outlook on the long-term rating is negative, S&P had said.

IDBI Bank falls on S&P downgrade to below investment grade

Last Updated: Tuesday, November 26, 2013, 09:54

Shares in IDBI Bank Ltd fell as much as 2 percent on Tuesday after ratings agency Standard and Poor's downgraded the lender's rating to below investment grade citing expectations for weaker asset quality.

S&P lowers IDBI Bank on foreign currency issuer credit rating

Last Updated: Monday, November 25, 2013, 22:46

"...Lowered foreign currency issuer credit rating on India-based IDBI Bank to 'BB+/B' from 'BBB-/A-3'. The outlook on the long-term rating is negative," S&P said in a release.