IDBI Bank: News

31 Aug 2023

Zee

NCLAT accepts IDBI Bank's insolvency plea against ZEEL

The National Company Law Appellate Tribunal (NCLAT) has admitted IDBI Bank's plea to start insolvency proceedings against Zee Entertainment Enterprises Limited (ZEEL).

23 Mar 2023

Vijay Mallya

Mallya had Rs. 7,500 crore, enough to repay banks: CBI

The multi-crore loan scam involving fugitive Indian businessman Vijay Mallya has taken a new turn.

Exporters flee country after cheating 6 banks; SBI files complaint

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.

30 Mar 2020

ICICI Bank

Now, you can recharge your Jio number from bank ATMs

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.

15 Nov 2019

India

#FinancialBytes: All you need to know about loans on credit-cards

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

India

#FinancialBytes: All you need to know about loans on credit-cards

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.

#FinancialBytes: Debit cards that are best for students in India

Debit cards are one of the most used payment methods today for both online and cashless offline transactions.

02 Sep 2018

India

How to apply for education loan in India

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

Madhya Pradesh

This traveling computer-classroom will reach 65,000 children in MP villages

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

India

LIC board approves acquisition of 51% stake in IDBI Bank

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.

Mallya releases letters to Modi alleging media, investigators' bias

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

India

ED seeks fugitive-tag for Mallya; moves court to confiscate Rs.12,500cr-assets

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

Vijay Mallya

Vijay Mallya ordered to pay £200,000 to Indian banks

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

India

PSU banks suffer whopping Rs. 87,000cr loss in FY18

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.

Business Roundup: Here are today's top 5 Business news

Here comes your daily roundup of business news.

04 Jun 2018

India

Government mulls merging four more state-run banks to reduce losses

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 bank-fraud cases involving Rs. 1-lakh-crore in 5 years

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).

Loan fraud: Case registered against former Aircel promoter Sivasankaran's companies

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.

#FinancialBytes: Buying a car? Here are 6 best car-loan options

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

Telangana

IDBI Bank now reveals fraudulent loans worth over Rs. 770cr

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.

05 Jan 2018

India

This Android malware has affected almost all Indian banking apps!

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.

11 Sep 2017

India

SC asks debt-ridden Jaypee to deposit Rs. 2,000cr by October

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

01 Aug 2017

Karnataka

Actor-Cricketer Dhruv Sharma passes away in Bengaluru

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.

Finance ministry to RBI, extend deadline for Basel III norms

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

India

RBI to banks: Resolve 55 NPA cases in six months

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

India

Lanco Infratech: First of 12 blacklist companies facing bankruptcy action

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

06 Jun 2017

India

Defiant Mallya says he intends to watch all ICC matches

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.

22 Mar 2017

Delhi Police

Delhi: Four Bhondsi jail-mates in Limca Book of Records

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

India

IDBI to manage losses by selling non-core assets

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

India

Mumbai hospitals under the scanner for overcharging

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.

28 Jan 2017

Mumbai

IDBI Bank flouted norms to offer Mallya Rs 950-crore loan

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.