Tag Archives: IDBI

Dividend stocks can help tide over election volatility; here are IDBI Capital’s 15 picks

Indian market created history this week as Sensex and Nifty both hit record highs. The S&P BSE Sensex surpassed 39,000 to hit an all-time high of 39,270 whereas the Nifty50 surpassed 11,700 to hit a life high of 11,761 on April 3. History suggests that whenever the market makes highs, it is the high beta pack that rallies the most. But in ... Read More »

Serving, retired top officials of IDBI Bank booked by CBI in Rs 600-crore loan fraud

The CBI has booked top officials of two public sector banks, a former CMD of IDBI Bank, former Aircel promoter C Sivasankaran, his son and companies controlled by him in connection with a Rs 600-crore loan fraud, officials said today. The CBI has named 15 bank officials who worked at senior levels at IDBI Bank in 2010 and 2014 when loans ... Read More »

IDBI Bank to close loss-making branches, limit NPAs and focus on retail to get out of PCA: Deputy MD

IDBI Bank hopes to come out of the regulatory restrictive Prompt Corrective Action (PCA) after taking a host of measures, including closure/merger of branches, conversion of 31 loss-making branches into outlets, divestment in non-core assets, setting up of separate stressed assets management group and focus on retail and good quality corporate business. Amid talks of part stake sale by the ... Read More »

Unions threaten strike over pending wage revision in IDBI Bank

AIBEA and AIBOA have jointly written a letter to the MD and CEO of the bank THIRUVANANTHAPURAM, SEPT 5:   Bank employees and officers’ unions have expressed deep concern over the long-pending wage revision in IDBI Bank. The All India Bank Employees’ Association (AIBEA) and All India Bank Officers’ Association (AIBOA) have jointly written a letter to the MD & CEO ... Read More »

Govt makes fresh attempt to revive IDBI Bank

Privatisation of IDBI Bank might be further delayed, with the government making a fresh attempt to revive the state-owned lender after fresh slippages were reported over the last two quarters that derailed the stake sale plan. The recovery plan includes capitalisation through non-core assets sale, hiving off subsidiaries, controlling expenses and remodelling the business. The qualified institutional placement (QIP) plan ... Read More »