Central Vigilance Commission (CVC) effected a recovery of over Rs 150 crore after conducting technical review of public works carried out by various government departments last year.
State-owned IDBI Bank is believed to have zeroed in on Kerala-based private sector lender Federal Bank for acquisition.
Taking a cue from biggies like
SBI, ICICI Bank and HDFC, state-owned IDBI Bank on Tuesday joined
the home-loan war by offering 8.25 percent fixed rate for all
its new loans till March 2012.
After acquiring United Western Bank three years ago, IDBI Bank is at it once again and has identified two domestic lenders as possible targets.
IDBI Bank on Friday said it plans to come out with a follow-on public offer in January next year.
State-run IDBI Bank on Monday said its
net profit rose by 56.16 percent to Rs 253.74 crore for the
second quarter ended September 30, 2009 over the same period
State-run IDBI Bank has cut its new home and auto loan rates by 0.25-0.5 per cent effective from October 1, a top official said.
Interest rates are likely to rise
in the last quarter of this fiscal by up to 50 basis points.
Day in Pics: 22nd October
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