IDBI Bank Ltd (IDBI.NS)
20 Aug 2018
Tue, Aug 14 2018
Aug 14 Indian state-run lender IDBI Bank Ltd posted a seventh straight quarterly loss on Tuesday, sending its shares lower, as the bank continues to be plagued by the highest bad loan ratio in the sector.
Aug 14 IDBI Bank Ltd posted its seventh straight quarterly loss on Tuesday as mounting bad loans continued to weigh on the state-run lender.
NEW DELHI, Aug 1 India's federal cabinet on Wednesday approved a planned takeover of state-run IDBI Bank by state-run Life Insurance Corp through sale of new shares in the lender, Finance Minister Piyush Goyal said.
NEW DELHI, July 16 State-run Life Insurance Corp of India's (LIC's) board on Monday approved a proposal to acquire a 51 percent stake in IDBI Bank, in a move that will provide the embattled lender much-needed capital to set aside for bad loans.
NEW DELHI, July 16 State-run Life Insurance Corp of India's board has approved raising its stake in state-run IDBI Bank to 51 percent, Economic Affairs Secretary Subhash Chandra Garg told reporters on Monday.
* Bank of Baroda posts 31.02 bln rupee loss, IDBI's loss 56.63 bln
May 25 India's IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter, hurt by higher provisions for bad loans.
* IDBI says one loan in probe became non-performing asset (Adds further details)
MUMBAI India's federal police agency said on Thursday it was investigating an alleged 6 billion rupee ($90 million) loan fraud at IDBI Bank , and former senior bank officials were among those being investigated.
MUMBAI, April 26 India's federal police agency said on Thursday it was investigating an alleged 6 billion rupee ($90 million) loan fraud at IDBI Bank, and former senior bank officials were among those being investigated.