Rego elevated as Deputy MD at IDBI Bank

Last Updated: Tuesday, September 3, 2013, 15:05

State-run IDBI Bank on said it has elevated Melwyn Rego as the deputy managing director.

IDBI sets 27% Casa target this fiscal; to double branches by FY15

Last Updated: Sunday, September 1, 2013, 12:10

This will also improve the net interest margin, which came in at 2.15 percent in June quarter.

IDBI, OBC raise deposit rates by up to 1.50%

Last Updated: Wednesday, August 14, 2013, 21:33

State-run lenders IDBI Bank and Oriental Bank of Commerce Wednesday hiked deposit rates by up to 1.50 percent in select maturities.

IDBI Bank Q1 net down 28% at Rs 307 cr

Last Updated: Thursday, July 18, 2013, 15:36

State-owned IDBI Bank Thursday reported 28.1 percent decline in net profit at Rs 306.95 crore for the first quarter ended June, 2013.

J-K Bank signs MoU with IDBI for MF distribution

Last Updated: Sunday, July 7, 2013, 17:57

Jammu and Kashmir Bank has signed a memorandum of understanding with IDBI bank for distribution of IDBI mutual fund schemes.

IDBI cuts retail deposit rates by 0.5%

Last Updated: Friday, May 10, 2013, 15:16

In the first such move since RBI cut its key rates last week, state-run IDBI Bank on Friday cut its fixed deposit rate offering in two maturities by up to 0.50 percent.

IDBI Bank Q4 net dips 28% to Rs 554 cr

Last Updated: Thursday, April 25, 2013, 19:21

The bank had net profit of Rs 770.79 crore in the same period last year, IDBI Bank said in a filing to the Bombay Stock Exchange (BSE).

IDBI collects taxes worth Rs 1.59 trillion for govt in FY'13

Last Updated: Tuesday, April 9, 2013, 21:12

IDBI Bank facilitated 16 percent of the Centre's direct tax collection of Rs 5.66 lakh crore and 11 percent of the indirect tax collection of Rs 4.69 lakh crore, it said in a statement.

IDBI Bank says margins remain under pressure

Last Updated: Sunday, March 31, 2013, 13:47

"The cost of funds has not come down during the current quarter as the deposit mobilisation is slack. This may affect our net interest margin (NIM)," Executive Director R K Bansal said here.

IDBI sells $500 million bonds in global markets, to pay 3.75% coupon

Last Updated: Wednesday, March 20, 2013, 15:18

The state-run IDBI Bank has successfully raised USD 500 million through a five-year bond sale in the international markets at a coupon of 3.75 percent which is likely to be the cheapest ever for the bank.

IDBI Bank raising over $500 million in overseas bond sale

Last Updated: Tuesday, March 19, 2013, 15:58

State-run IDBI Bank on Tuesday hit the overseas debt market with a benchmark-sized five-year bond issue to raise over USD 500 million, according to merchant banking sources.

IDBI ties up with Exim Bank to co-finance export-oriented cos

Last Updated: Monday, February 25, 2013, 21:36

Public sector lender IDBI Bank has entered into an agreement with Exim Bank for co-financing of export-oriented companies, the bank said in a release Monday.