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IDBI Bank rolls out paperless account opening process for NRIs

In what would be a sigh of relief for IDBI Bank NRI (Non-Resident India) customers, the bank has rolled out a paperless facility to...

IDBI Bank invites applications to fill 950 vacant positions

Financial services provider IDBI Bank has invited applications from candidates to fill up 950 vacant positions in the bank. Most of these positions are specialised roles...

IDBI Bank categorised as a private sector bank by RBI

IDBI Bank has been categorised as a private sector lender by the Reserve Bank of India after LIC acquired a controlling stake in the bank. In January 2019,...

IDBI Bank to sell stressed assets worth Rs.10,000 crore in 2019

IDBI Bank, one of the public sector banks in the country, is planning to sell Rs.10,000 crore worth ($1.4 billion) of its stressed assets...

Reserve Bank of India penalises IDBI Bank, Union Bank, Dena Bank,...

Following the loan fraud involving Punjab National Bank and several other banks on varying degrees, that has resulted in severe net losses and the...

22% of IDBI Bank’s shareholders exit the bank following LIC’s open...

Following an open offer from Life Insurance Corporation of India (LIC), about 22% of IDBI Bank’s minority shareholders exercised their option to exit the bank. LIC...

State-owned bank’s losses increase in Q2 due to bad loans

Though banks are reaching some sort of stability following the recent provisions by the Government of India to help banks focus on their lending...

IDBI reports quarterly loss for the eighth consecutive time

IDBI Bank Ltd. revealed the results of the second quarter of FY2019 which showed that the bank has suffered a loss equal to Rs.3,602.49...

LIC Board to meet on Sept. 4 to decide modalities of...

The Life Insurance Corporation of India (LIC) will meet on September 4 to decide how to go about increasing its stake in IDBI Bank...

Government plans to sell a portion of its IDBI Bank stake...

With IDBI Bank being put under prompt corrective action (PCA) by the Reserve Bank of India for their non-performing assets and net losses for...