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Parliamentary Panel asks Finmin to work out turnaround plan for IDBI

Parliamentary Panel asks Finmin to work out turnaround plan for IDBI

A Parliamentary Panel has asked the Finance Ministry to work out a 'transformational plan' for IDBI Bank, which is facing mounting bad loans, in such a manner that it does not surpass the 'point of recoverability'.

IDBI Bank Q3 loss widens to Rs 2,255 crore as bad loans soar

IDBI Bank Q3 loss widens to Rs 2,255 crore as bad loans soar

Public sector lender IDBI Bank's net loss widened further to Rs 2,254.96 crore in the third quarter of 2016-17 due to higher provisions for rising bad loans and fall in income.

IDBI Bank reduces MCLR by up to 0.35%; effective February 1

IDBI Bank reduces MCLR by up to 0.35%; effective February 1

State-run IDBI Bank Monday said it has reduced its marginal cost of funds based lending rate (MCLR) by 30-35 basis points across various tenors, effective February 1.

Sebi asks brokers to liquidate all F&O positions of Vijay Mallya

Sebi asks brokers to liquidate all F&O positions of Vijay Mallya

Markets regulator Sebi has directed brokers to square off all existing open positions in the equity derivatives segment they hold for Vijay Mallya and the six former officials of United Spirits who were banned from the market last week.

Vijay Mallya demands proof from SEBI, CBI over fraud charges

Vijay Mallya demands proof from SEBI, CBI over fraud charges

Continuing to play the victim card, chairperson of defunct Kingfisher Airlines, Vijay Mallya on Saturday demanded evidence from the Central Bureau of Investigation (CBI) and Security Exchange Board of India (SEBI) so as to justify the fraud charges they have levelled against him.

Kingfisher Airlines diverted Rs 263 cr from Rs 900 cr IDBI loan for personal use

Kingfisher Airlines diverted Rs 263 cr from Rs 900 cr IDBI loan for personal use

Kingfisher Airlines allegedly diverted Rs 263 crore from Rs 900 crore IDBI loan for "personal use", CBI today said in its charge sheet filed in a special court in Mumbai.

IDBI loan case: CBI files chargesheet against Vijay Mallya and 11 others

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Loan default case: CBI files chargesheet against Vijay Mallya, ex-chief of IDBI bank and others

Loan default case: CBI files chargesheet against Vijay Mallya, ex-chief of IDBI bank and others

Charging the liquor baron, the CBI said Vijay Mallya had misappropriated Rs 900 crore loan granted by a government-owned bank and diverted Rs 254 crore of the IDBI loan for "personal use".

GST top priority, tax rates to come down: FM Arun Jaitley

GST top priority, tax rates to come down: FM Arun Jaitley

According top priority to the implementation of GST, Finance Minister Arun Jaitley on Wednesday sounded confident on the tax rates coming down once the indirect taxation regime is put in place.

 

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771- crore stake sale via qualified institutional placement route.

IDBI Bank Q4 net loss at Rs 1,736 cr as bad loans double

The bank had earned a net profit of Rs 545.94 crore during the January-March period of 2014-15.

Vijay Mallya PMLA case: ED to conduct forensic audit

Vijay Mallya PMLA case: ED to conduct forensic audit

ED may go for a forensic audit of the electronic platforms on which the accounts and transactions of the group companies of liquor baron Vijay Mallya were being conducted in order to take forward its money laundering probe against him in the alleged Rs 900-crore IDBI bank loan fraud case.

Banks want to see Vijay Mallya in jail, not recover money: Lawyer

Banks want to see Vijay Mallya in jail, not recover money: Lawyer

With the consortium of banks refusing Vijay Mallya's proposal to pay over Rs 6000 crore in the IDBI Bank loan default case, his lawyers on Tuesday said the banks' intention were no longer to recover money but to see the business man in jail.

Vijay Mallya may get arrested

Vijay Mallya may get arrested

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Court rejects Vijay Mallya's plea against ED in IDBI fraud case, issues non-bailable warrant

Court rejects Vijay Mallya's plea against ED in IDBI fraud case, issues non-bailable warrant

In fresh trouble for Vijay Mallya, a special court Monday issued a non-bailable "open dated" warrant against the liquor baron in a money laundering case involving alleged defrauding of IDBI Bank of Rs 950 crore.

IDBI stake sale: Govt to consult all stakeholders

As the employee unions oppose stake sale in IDBI Bank, the Government on Friday said it is consulting all stakeholders as part of "transformation" of the state-owned lender.

IDBI claims strike failed, unions say near success

IDBI claims strike failed, unions say near success

Even as unions of state-run IDBI Bank today claimed a successful one-day strike, the management said the bank "functioned normally".

Loan default case: Vijay Mallya seeks time till April to appear before ED

Loan default case: Vijay Mallya seeks time till April to appear before ED

Vijay Mallya on Thursday sought more time to appear before Enforcement Directorate(ED) in the alleged default in payment of Rs 900 crore dues to IDBI bank.

IDBI Bank employees give strike call on Mar 28

IDBI Bank employees give strike call on Mar 28

A section of officers and employees of IDBI Bank today called for a one-day strike on March 28 to protest against the government's proposed stake sale in the state-run lender

Vijay Mallya IDBI loan default case: Banks provide ED with probe reports

Vijay Mallya IDBI loan default case: Banks provide ED with probe reports

Officials said Tuesday the reports have been sent by at least six banks after agency investigators had sought their cooperation in sharing the details of loans extended by them to Mallya for business activities.