Articles about IDBI Bank

Three promoters of a Delhi-based basmati rice export firm have fled the country with over Rs. 400 crore in unpaid bank loans, officials said on Saturday.

Following in the footsteps of Reliance Jio, Airtel and Vodafone have introduced a new facility that allows prepaid subscribers to recharge their mobile numbers at a nearby bank ATM.

Reliance Jio has announced that its subscribers can now recharge their prepaid numbers at a nearby bank ATM. The move aims to provide an alternative recharge method for all users, especially to those who cannot do online recharges.

Finance Minister Nirmala Sitharaman presented her second Union Budget at a time when the Indian economy is struggling, raising concerns among world bodies like the International Monetary Fund (IMF).

Credit cards play an essential role in our lives and are among the most widely-used cashless payment methods because of the convenience they offer.

Credit cards play an essential role in our lives and are among the most widely-used cashless payment methods because of the convenience they offer.

With the two-day nationwide general strike having commenced, banking services across India could be affected as a significant chunk of government bank employees have joined in on the strike.

Debit cards have become one of the most essential and widely-used payment methods for cashless and online transactions today.

Getting quality education from a top-notch institution, is vital to give a kick-start to your career, whatever be the field.

In a step that would benefit over 65,000 children residing in Madhya Pradesh villages, a bus equipped with 20 computer systems and internet was flagged off on Saturday.

The LIC board today gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.

Embattled liquor baron Vijay Mallya today released one-year-old letters he wrote to PM Narendra Modi and then-Finance Minister Arun Jaitley "to put things in the right perspective."

Enforcement Directorate (ED) on Friday filed the first case under "Fugitive Economic Offender Ordinance" to declare Vijay Mallya a fugitive offender and to confiscate his assets worth Rs. 12,500cr (including movable and immovable properties).

Embattled liquor baron Vijay Mallya was asked to pay £200,000 (Rs. 1.81 crore) to Indian banks by a United Kingdom court.

Losses of 19 government-run banks crossed a whopping Rs. 87,357cr in FY2017-18, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs. 12,283cr.

Here comes your daily roundup of business news.

The government is mulling a major merger of at least four state-run banks - Bank of Baroda, IDBI Bank Ltd, Central Bank of India and Oriental Bank of Commerce - to give a boost to India's struggling banking sector, HT reports.

Over 23,000 cases of fraud involving a whopping Rs. 1-lakh-crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).

The CBI has registered a case against former Aircel promoter C Sivasankaran's companies, Axcel Sunshine Ltd and Finland-based Win Wind Oy, for allegedly defaulting on loans worth Rs. 600 crore taken from IDBI Bank, officials said on Thursday.

Nowadays, having a car has become a necessity rather than a luxury. However, someone who has just started his professional career may not be able to afford a car.

The latest Indian bank to reveal fraudulent loans is IDBI, which said Rs. 772cr had been issued as loans from five branches in Andhra Pradesh and Telangana against fake documents.

Last week, Quick Heal detected an Android Trojan stealing banking credentials from customers, following which several banks have issued advisories and warnings to customers about the risks.

In India, banking apps are increasingly being used for carrying out Internet-enabled transactions conveniently. Almost every bank has a mobile app. But it looks like net banking isn't really safe in an era of increasing cybercrime.

Anil Ambani-owned Reliance Communications has announced it would exit the ongoing Strategic Debt Restructuring (SDR) scheme of its lenders by selling its Rs. 25,000cr-worth telecom assets, including towers, spectrum and optical fiber by Mar'18.

In a bid to maintain transparency, the Ministry of Home Affairs has directed NGOs, businesses etc that receive foreign funding to open bank accounts within a month.

In relief to homebuyers, the SC last week stayed insolvency proceedings against Jaypee Infratech which has defaulted on loans worth crores.

Speech and hearing impaired Dhruv Sharma, who went on to become Sandalwood actor and professional cricket player, died from multiple-organ failure in Bengaluru today.

Although RBI had extended the deadline for implementation of Basel III banking norms from March 2018 to March 2019, the finance ministry has now asked for another extension citing, banks at present have a higher capital requirement to handle NPAs.

After pegging down 12 accounts that had racked up 25% or roughly around Rs. 2 lakh crore worth non-performing assets (NPA) in the Indian banking sector, the Reserve Bank of India (RBI) has now given banks a six month time period to resolve 55 cases of bad debt or hand them over for resolution under Insolvency and Bankruptcy Code.

Lanco Infratech was touted to be the first company amongst Reserve Bank of India's twelve blacklist companies to face bankruptcy action.

On June 13, the Westminster Magistrates Court in London will hear the extradition case of Vijay Mallya, where the Crown Prosecution Service will argue for the Indian government; CBI earlier provided officials necessary documents.

While the presence of absconder Vijay Mallya at the ICC Champions Trophy match created quite a stir in the media and social media, Mallya was unfazed.

The Supreme Court has found businessman Vijay Mallya guilty of contempt of court, and has summoned him before it on 10 July.

In what is seen as the first-step toward bringing Vijay Mallya to India, reports have indicated that he was arrested by Scotland Yard in London. The Westminster Magistrates' Court granted him bail in 3 hours.

The UK secretary of state has approved India's request for extradition of Vijay Mallya and sent it to a district judge for consideration of a warrant, announced MEA spokesperson Gopal Baglay.

The Limca Book of Records now features four inmates of the Bhondsi jail for installing 'Phoenix' (a prison-management software) in 11 prisons of Haryana.

State-owned lender, IDBI Bank Ltd's board will sell some of its non-core assets to manage a gross bad loan ratio of 15.16% in December-end.

Lilavati Hospital, Asian Heart Institute, Kokilaben Dhirubhai Ambani Hospital, Fortis Hospital, Global Hospitals, Hiranandani Hospital and HN Reliance Foundation were found selling packaged commodities at prices far above the MRP.

CBI lawyer Bharat Badami filed a written reply in a special court, opposing the bail pleas of 9 accused executives of IDBI Bank and now-defunct Kingfisher Airlines (KFA).

Vijay Mallya's KFA was reportedly Rs 6,000 crore in debt when it approached IDBI bank, with un-repaid credits of IDBI itself. The first loan of Rs 150 crore was sanctioned within a week.