IDBI Bank
09 May 2020
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.
06 Apr 2020
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.
30 Mar 2020
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.
01 Feb 2020
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).
15 Nov 2019
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.
30 Apr 2019
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.
08 Jan 2019
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.
18 Dec 2018
Debit cards have become one of the most essential and widely-used payment methods for cashless and online transactions today.
02 Sep 2018
Getting quality education from a top-notch institution, is vital to give a kick-start to your career, whatever be the field.
09 Aug 2018
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.
16 Jul 2018
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.
26 Jun 2018
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."
22 Jun 2018
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).
16 Jun 2018
Embattled liquor baron Vijay Mallya was asked to pay £200,000 (Rs. 1.81 crore) to Indian banks by a United Kingdom court.
10 Jun 2018
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.
04 Jun 2018
Here comes your daily roundup of business news.
02 May 2018
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).
26 Apr 2018
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.
24 Apr 2018
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.
28 Mar 2018
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.
13 Jan 2018
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.
05 Jan 2018
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.
27 Dec 2017
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.
26 Dec 2017
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.
11 Sep 2017
In relief to homebuyers, the SC last week stayed insolvency proceedings against Jaypee Infratech which has defaulted on loans worth crores.
01 Aug 2017
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.
27 Jun 2017
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.
24 Jun 2017
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.
20 Jun 2017
Lanco Infratech was touted to be the first company amongst Reserve Bank of India's twelve blacklist companies to face bankruptcy action.
13 Jun 2017
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.
06 Jun 2017
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.
09 May 2017
The Supreme Court has found businessman Vijay Mallya guilty of contempt of court, and has summoned him before it on 10 July.
18 Apr 2017
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.
25 Mar 2017
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.
22 Mar 2017
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.
23 Feb 2017
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.
01 Feb 2017
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.
31 Jan 2017
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).
28 Jan 2017
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.
28 Jan 2017
The resolution of bad debts held by public sector banks may witness a delay following the arrest of IDBI officials for sanctioning loans which went bad after a restructuring programme.
