IDBI Bank, PNB Housing , Sicom in push to offload bad loans
IDBI Bank, PNB Housing Finance and term-lending institution Sicom are separately working on plans to sell almost the entire distressed ...
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Tag: IDBI Bank
RBI begins evaluating potential bidders for IDBI Bank
The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority ...
Read moreIDBI Bank gets NCLT nod to set off accumulated losses of Rs 45,396 cr
India's IDBI Bank Ltd on Friday said its proposal to set off accumulated losses has been approved by the National ...
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India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23
The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ...
Read moreDIPAM rubbishes media reports of IDBI Bank disinvestment deferment
The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred ...
Read moreSMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions ...
Read moreGovernment likely to get financial bids for IDBI Bank sale by September, DIPAM Secy says
Financial bids for IDBI Bank's strategic sale is expected to be received by the government in September, said DIPAM Secretary ...
Read moreIDBI Bank divestment process to complete in FY24: DIPAM Secy
The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management ...
Read morePotential bidders seek tax benefits on IDBI’s losses
Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to ...
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Banks write off loans worth Rs 11.17 lakh crore in last 6 years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial ...
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