IDBI Bank to raise $7.5 bn via debt

Last Updated: Friday, August 28, 2015, 18:02

IDBI Bank on Friday said its Board has approved raising of foreign currency debt up to USD 7.5 billion (about Rs 49,000 crore).

IDBI not selling bad loans to ARCs; PNB thinks of new ways

Last Updated: Tuesday, August 25, 2015, 23:24

Even as they sit on mountain of bad loans, public sector lender IDBI Bank Tuesday said it's not selling stressed loans to ARCs, while its larger peer PNB said it prefers innovative ways to tackle the situation.

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

IDBI Bank gets shareholders nod to raise up to Rs 26,000 cr

Last Updated: Thursday, August 13, 2015, 19:26

The bank in a statement said, AGM convened yesterday has passed "enabling for issue of shares up to Rs 6,000 crore (inclusive of premium amount) through various modes of issues including QIP".

IDBI Bank Q1 net profit rises 27% to Rs 135 crore

Last Updated: Wednesday, August 12, 2015, 15:44

State-run IDBI Bank on Wednesday reported 27.3 percent rise in net profit to Rs 135.18 crore for the quarter ended June 2015.

IDBI Bank to raise Rs 26,000 crore through equity, bonds

Last Updated: Tuesday, July 21, 2015, 20:35

Public sector lender IDBI Bank plans to raise Rs 26,000 crore through a mix of equity and bonds to fund its business growth.

IDBI signs refinance agreement with Mudra Bank

Last Updated: Tuesday, July 7, 2015, 16:21

State-run IDBI Bank on Tuesday said it has signed an agreement with Mudra Bank for refinancing of loans given to small enterprises.

IDBI reports 5% increase in Q4 net profit

Last Updated: Tuesday, May 26, 2015, 21:56

State-run IDBI Bank Tuesday reported a 5 percent jump in its net profit at Rs 546 crore in the quater ended March 31, against Rs 518 crore in the corresponding period last year, on the back of growth in its overall business.

Now PNB, IDBI Bank do it, cuts lending rate by 0.25%

Last Updated: Wednesday, May 6, 2015, 19:00

Joining the rate cut spree, two public sector lenders, Punjab National Bank and IDBI Bank, Wednesday cut their base rates by 0.25 percent to 10 percent, which will lead to lower EMIs for its customers.

IDBI looking at FPO to shore up capital base

Last Updated: Tuesday, April 21, 2015, 15:06

Public sector lender IDBI Bank on Tuesday said it is awaiting correct valuation before coming out with a follow-on public offer, which will help it shore up its capital base.

IDBI Bank's NSE stake sale in next fiscal only

Last Updated: Sunday, March 8, 2015, 11:16

State-owned IDBI Bank plans to sell its entire 5 per cent stake in leading stock exchange NSE in the next fiscal as part of its capital raising exercise by existing non-core businesses.

IDBI Bank to raise Rs 20,000 cr from bond issuance in FY'16

Last Updated: Wednesday, March 4, 2015, 21:10

In order to fund its business growth, state-owned IDBI Bank Wednesday said it plans to raise Rs 20,000 crore through bond issuance in more than one tranches from domestic market next fiscal.