LIC credit card launch: Earn 2X rewards on LIC premium payments, welcome bonus and more
LIC credit cardholders are also entitled to receive several insurance policies such as Air Accident Insurance Cover, personal accident cover, permanent disability cover, and zero lost card liability, among others.
Jul 30, 2021, 18:19 PM IST
SBI, Axis, IDBI, other banks change rules from July 1: All you need to know
SBI Basic Saving Bank Deposit (BSBD) account holders will now be able to withdraw cash only four times from ATMs or bank’s branches for free in a month.
Jul 01, 2021, 14:11 PM IST
3 banks are offering unlimited free ATM transactions across India, check details
If you exhaust the monthly limit, then the bank charges you a small amount of money to keep ATMs functional. For instance, the fees charged on cash withdrawal has been increased from Rs 20 to Rs 21.
Jun 12, 2021, 14:29 PM IST
IDBI Bank Recruitment 2021: Earn up to Rs 1 crore, vacancy open for IT professionals
Interested candidates should visit the official website recruitment@idbi.co.in to apply for the vacancy.
Jun 04, 2021, 13:31 PM IST
Cabinet clears strategic disinvestment, transfer of management control in IDBI Bank
The central government and LIC together own more than 94 per cent equity of IDBI Bank. LIC, currently the promoter of IDBI Bank with management control, has a 49.21 per cent stake.
May 06, 2021, 13:23 PM IST
Bank operations may be hit due to nationwide unions' strike
In the Union Budget presented last month, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of the government's disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and has merged 14 public sector banks in the last four years.
Mar 14, 2021, 15:31 PM IST
COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed
The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.
Jun 01, 2020, 09:54 AM IST
Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank, IDBI Bank grant 3-month moratorium to customers on EMI/interest payment on loans to deal with coronavirus crisis
Leading banks like Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank and the IDBI Bank took to Twitter to inform their customers that have provided a three-month moratorium on payment of EMIs, interest on loans. terms loans etc.
Mar 31, 2020, 15:24 PM IST
IDBI Bank issues public notice on Vijay Mallya as 'wilful defaulter'
IDBI Bank NPA Management Group in Mumbai issued a public notice about wilful defaulter with the now defunct Kingfisher Airlines as the borrower and Vijay Mallya as the director and guarantor.
Nov 06, 2019, 16:41 PM IST
IDBI Bank's board approves preferential issue of Rs 4,557 crore to government, Rs 4,743 crore to LIC
After this infusion, IDBI Bank expects to be able to subsequently raise further capital on its own and expects to come out of RBI`s Prompt Corrective Action (PCA) framework sometime next year.
Sep 19, 2019, 11:34 AM IST
IDBI Bank to get Rs 9,300 crore capital infusion from government, LIC
Of the total Rs 9,300 crore, LIC would give Rs 4,743 crore while the remaining Rs 4,557 crore has been proposed from government.
Sep 04, 2019, 12:35 PM IST
IDBI to receive Rs 9,300 cr capital to meet CAR
IDBI Bank shareholders -- the government and the Life Insurance Corporation (LIC) of India -- will infuse Rs 9,300 crore in the bank.
Sep 03, 2019, 18:21 PM IST
IDBI Bank introduces repo linked Suvidha Plus home loan and auto loan
The Suvidha Plus Home Loan and Suvidha Plus Auto Loan products will be offered to new customers having good credit score and minimum income of Rs. 6 lakh per annum.
Aug 30, 2019, 13:10 PM IST
IDBI Bank cuts MCLR by 5-10 bps across various tenors
The lender has reduced its one-year MCLR or the minimum lending rate to 8.95 per cent.
Jun 12, 2019, 15:21 PM IST
IDBI Bank narrows Q4 net loss to Rs 4,918 cr on lower bad loan provisions
The bank had reported a net loss of Rs 5,663 crore in the same period last year.
May 31, 2019, 11:02 AM IST
IDBI Bank to borrow up to Rs 4,000 cr via bonds next fiscal year
The borrowing would be comprised of Basel III-compliant tier-II bonds and senior bonds (not more than Rs 1,000 crore) by way of private placement during 2019-20, the bank said.
Mar 20, 2019, 12:48 PM IST
RBI categorises IDBI Bank as private sector lender
In January, LIC completed the process of picking up a controlling 51 per cent stake in the nearly crippled IDBI Bank.
Mar 15, 2019, 12:43 PM IST
IDBI Bank Q3 loss widens threefold to Rs 4,185 crore
The ownership of the bank has changed from the Government of India to LIC.
Feb 04, 2019, 15:35 PM IST
Moody's upgrades IDBI Bank's rating by a notch on LIC takover
The upgrade follows the Life Insurance Corporation acquiring 51 percent stake in the crippled lender which has around 32 percent of its assets as dud loans, thereby, improving its solvency.
Jan 24, 2019, 12:47 PM IST
LIC completes acquisition of 51% stake in IDBI Bank
IDBI Bank said its retail loan portfolio is expected to reach 50 percent by fiscal 2019-20.
Jan 21, 2019, 13:23 PM IST