IDBI Bank Ltd

(IDBI)

IDBI Bank Disinvestment Process on Track - 22 Oct, 2024

The financial bids for the strategic sale of IDBI Bank are expected in Q4 of the current financial year, with multiple expressions of interest received. The government aims to conclude the transaction in FY25.

IDBI Bank to Announce Q2 FY25 Results Soon - 17 Oct, 2024

IDBI Bank Limited will hold a Board meeting on October 25, 2024, to approve its un-audited financial results for Q2 FY25 and H1 FY25, which investors will closely monitor.

IDBI Bank Reports Strong Growth in Q2 FY25 - 07 Oct, 2024

IDBI Bank announced a 15% year-on-year growth in total business for Q2 FY25, with total deposits up 11% and net profit rising 40.44%. However, shares dropped 3.57% to Rs 80.86.

IDBI Bank Reports Strong Q2 Growth Metrics - 05 Oct, 2024

IDBI Bank's Q2 updates show a 19% YoY increase in net advances to Rs 2.01 lakh crore and an 11% rise in total deposits to Rs 2.77 lakh crore. The stock has appreciated 24.39% year-to-date.

IDBI Bank Reports Strong Q2 Growth Metrics - 04 Oct, 2024

IDBI Bank's total business grew by 15% to ₹4.78 lakh crore in Q2 FY2025. Total deposits increased by 11% to ₹2.77 lakh crore, while net advances rose 19% to ₹2.01 lakh crore.

Bidders Approved for IDBI Bank Acquisition Process - 01 Oct, 2024

Fairfax Financial, Emirates NBD, and Kotak Mahindra Bank have received RBI's fit & proper certificate for IDBI Bank acquisition. The government plans to sell a 60.7% stake, including management control, by FY25's end.

IDBI Bank Launches Settlement Scheme for Borrowers - 27 Sep, 2024

IDBI Bank has introduced the Sugam Rinn Bhugtan Yojana, a one-time settlement scheme for retail borrowers with dues between Rs 10 lakh and Rs 10 crore. This initiative aims to address non-performing assets (NPAs) and facilitate the resolution of long-standing accounts, impacting approximately Rs 2,300 crore in outstanding loans. The bank's gross NPA ratio stands at 3.87% as of Q1FY25.

IDBI Bank Launches OTS Scheme for Retail NPAs - 26 Sep, 2024

IDBI Bank has introduced the Sugam Rinn Bhugtan Yojana, a one-time settlement scheme for retail borrowers with NPAs, aiming to recover approximately Rs 2,300 crore from over 4,800 accounts. The scheme offers relaxed terms and waivers on interest and expenses, effective from September 2, 2024, to March 25, 2025.

IDBI Bank Withdraws Appeal on Zee-Sony Merger - 22 Sep, 2024

IDBI Bank, along with Axis Finance and IDBI Trusteeship, has withdrawn their petitions against the NCLT's approval of the Zee Entertainment and Sony Pictures merger.