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Nine out of 21 public sector banks reported losses in FY17

Nine out of 21 public sector banks reported losses in FY17

Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.

PSBs plan to mobilise Rs 58,000 crore from capital markets this fiscal

PSBs plan to mobilise Rs 58,000 crore from capital markets this fiscal

Public sector banks, including SBI, Bank of Baroda and IDBI Bank, plan to raise Rs 58,000 crore through equity dilution during the current fiscal to meet Basel-III norms and clean up their balance sheets.

RBI policy, macro data, monsoon to guide markets

RBI policy, macro data, monsoon to guide markets

RBI's monetary policy review, key macroeconomic data and progress of monsoon rains would influence market sentiment this week, say experts.

IDBI Bank crafts turnaround plan; to focus on NPA recoveries

Hit by weak profitability and deteriorating asset quality, state-run IDBI Bank Thursday said it has formulated a turnaround strategy focusing on augmenting capital base and recovery from bad loans.

Moody's downgrades IDBI; bank says govt support continues

Moody's downgrades IDBI; bank says govt support continues

Moody's Investors Service on Thursday downgraded state-owned IDBI Bank's rating citing asset quality concerns and extremely weak capitalisation.

IDBI Bank cuts lending rate by up to 0.25%

IDBI Bank cuts lending rate by up to 0.25%

State-run IDBI Bank on Tuesday cut its marginal cost of funds based lending rate (MCLR) by up to 0.25 per cent, further establishing the downward trend in interest rates due to the excess liquidity.

RBI puts IDBI Bank under watch for high bad loans

RBI puts IDBI Bank under watch for high bad loans

The Reserve Bank has put IDBI Bank under watch by initiating Prompt Corrective Action against it, a move that will place various restrictions on the lender including on fresh loans and dividend distribution.

As Mallya's custody sought, India's extradition success rate is 36%

As Mallya's custody sought, India's extradition success rate is 36%

Mallya was arrested by the Scotland Yard -- and released on bail -- on April 18, 2017, in connection with an extradition request filed by India on February 8, 2017.

LIC to infuse Rs 407 crore in IDBI; hike stake to 14.25%

Life Insurance Corporation of India (LIC) will infuse Rs 406.9 crore in IDBI Bank increasing its stake 14.25 percent in the state-owned lender.

Vijay Mallya laundered money to companies in UK: Enforcement Directorate

Vijay Mallya laundered money to companies in UK: Enforcement Directorate

Enforcement Directorate (ED) is in possession of documents which claim that the beleaguered liquor baron Vijay Mallya laundered money from banks in India to 'British companies' situated in the UK.

Vijay Mallya's arrest a success of law enforcement agencies: Ex-CBI chief

Vijay Mallya's arrest a success of law enforcement agencies: Ex-CBI chief

Former CBI Director Anil Sinha said on Tuesday the arrest of industrialist Vijay Mallya in London was a "success" of law enforcement agencies and that efforts to bring him back would "fructify".

IDBI Bank employees to observe one-day strike today

IDBI Bank employees to observe one-day strike today

Banking operations at IDBI Bank may be impacted on Tuesday as a section of its employees have given a strike call to press for their wage related demand.

 

IDBI Bank employees to strike work on April 12

In a circular to its members, the AIBEA said the wage revision settlement in IDBI Bank for employees and officers is due from November 2012.

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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