IDBI to receive Rs 9,300 cr capital to meet CAR

IDBI Bank shareholders -- the government and the Life Insurance Corporation (LIC) of India -- will infuse Rs 9,300 crore in the bank.

Sep 03, 2019, 18:21 PM IST

Jaypee insolvency: NCLT to hear on May 21 IDBI's plea on deadline extension

IDBI had approached the National Company Law Tribunal (NCLT) seeking extension of the corporate insolvency resolution process (CIRP) beyond the May 6 deadline as the proceedings are still underway to find a buyer for the Jaypee group's realty firm.

May 07, 2019, 09:30 AM IST

IDBI may now become LIC IDBI Bank or LIC Bank

Last month, the insurance behemoth completed the acquisition of 51 percent controlling stake in IDBI Bank.

Feb 05, 2019, 12:15 PM IST

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

Jun 05, 2018, 12:28 PM IST

Vijay Mallya may have diverted 'huge chunk of loan' to shell companies

A report in a  leading national daily quotes sources within CBI and ED as that Mallya diverted funds to shell companies in seven countries including UK, France and Ireland.

Sep 25, 2017, 10:30 AM IST

Inflation data, geopolitical developments to drive markets

Inflation data and developments arising from simmering tension between the US and North Korea will guide Indian equities' movement in a holiday-shortened week ahead, say experts.

Aug 13, 2017, 11:12 AM IST

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.


Apr 12, 2017, 00:08 AM IST

Vijay Mallya loan default: CBI arrests 9, including IDBI Bank ex-chairman

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Jan 24, 2017, 14:03 PM IST

Vijay Mallya loan case: CBI arrests eight officials of Kingfisher Airlines and IDBI Bank

The CBI on Monday four former executives of IDBI Bank including a former chairman of the bank in the alleged money laundering case involving beleaguered businessman Vijay Mallya.

Jan 23, 2017, 21:46 PM IST

Lending rate cuts to boost economy, push consumption: Industry

With lenders such as SBI, PNB, Union Bank of India and IDBI slashing benchmark lending rate, India Inc on Monday said the move will act as a "booster dose" for the economy and propel consumption as lending may pick up significantly.

Jan 02, 2017, 16:10 PM IST

IDBI Bank reduces MCLR for various tenors

State-run IDBI Bank on Friday said it has reduced its marginal cost of funds based lending rate (MCLR) for various tenors, effective from January 1.

Dec 30, 2016, 20:49 PM IST

Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption

A Delhi court on Saturday cancelled the exemption granted to liquor baron Vijay Mallya from personal appearance in a case lodged for allegedly evading summons in connection with a FERA violation case.

Jul 09, 2016, 17:17 PM IST

Vijay Mallya makes rare public appearance in Silverstone

Embattled Indian business tycoon Vijay Mallya today made a rare public appearance in the United Kingdom as he attended the Free Practice sessions ahead of Sunday's British Grand Prix, here.

Jul 08, 2016, 18:03 PM IST

UK not yet approached for extradition of Mallya, Lalit: Sushma Swaraj

India has not yet approached the UK for extradition of liquor baron Vijay Mallya and former IPL boss Lalit Modi, wanted by Indian investigators in multiple cases, External Affairs Minister Sushma Swaraj said on Sunday, as the ED is still to provide required documents to her ministry.

Jun 19, 2016, 19:21 PM IST

Vijay Mallya quietly sold 2 properties worth several crore before ED move

Vijay Mallya had quietly sold two properties worth several crore before Enforcement Directorate's move to attach his properties to the tune of Rs 1,411 crore

Jun 13, 2016, 08:48 AM IST

Bank loans utilised for legitimate business purposes; no legal basis for ED action: Vijay Mallya

Vijay Mallya has issued a statement saying that there was no misappropriation or diversion of funds given by banks and he was pained to read reports about the agencies planning an action against him.

Jun 12, 2016, 21:35 PM IST

Vijay Mallya tweets defence after ED attaches his properties

After his properties worth Rs 1,411 crore were attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case beleaguered businessman Vijay Mallya tweeted his defence.

Jun 11, 2016, 23:19 PM IST

ED attaches Mallya's properties worth Rs 1,411 cr; beleaguered businessman tweets defence

In the latest, properties worth Rs 1,411 crore belonging to Vijay Mallya have been attached by the Enforcement Directorate (ED) on Saturday in the issue of money laundering related with the IDBI loan default case.

Jun 11, 2016, 18:56 PM IST

Mallya cannot be deported; extradition after charge sheet

Government had cancelled Mallya's passport weeks after he flew first-class to London on March 2. Public sector banks had also knocked on the doors of the Supreme Court to recover the loans.

May 11, 2016, 13:04 PM IST

Vijay Mallya deportation: Jaitley says not surprised by UK's stand

Finance Minister Arun Jaitley said that he is not surprised by the UK government's stand on liquor baron Vijay Mallya's deportation.

May 11, 2016, 11:22 AM IST