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IDBI Bank Q2 FY 25 results IDBI Bank today, announced its quarterly results for Q2 FY25. The Net Profit stood at ?1,868 crore for Q2 FY25, registering a strong growth of 39% YoY. The operating profit stood at ?3,006 crore with a YoY growth of 45%. NIM was recorded at 4.87%, and Net Interest Income stood at ?3,875 crore with a YoY growth of 26%. Cost of Deposit stood at 4.66% for Q2-2025 as compared to 4.22% for Q2-2024. CRAR stood at 21.98% with YoY growth of 72 bps. Return on Assets (ROA)...
IDBI Bank Q2 FY 25 results
IDBI Bank Q2 FY 25 results
Source: PR Agency
2024-10-25 05:28:40 pm
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS The Securities Exchange Board of India (SEBI) has cleared the initial public offering (IPO) of India's largest depository, the National Securities Depository Ltd (NSDL).  The market watchdog issued an observation on Sept 30, for the company's public offering. In SEBI's parlance, obtaining the observation letter means its go-ahead to float the public issue. The issue of the Mumbai-based securities depository will consist only of an offer for sale component. According ...
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
Source: IANS
2024-10-08 01:54:33 pm
Analysis-Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh  Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say. The rare opportunity for foreign banks to take controlling stakes in a market dominated by state-owned banks comes as existing investors in Yes Bank and IDBI Bank look to divest their holdings. Banking sector deals in India, esp...
Analysis-Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Analysis-Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Source: Reuters
2024-08-28 04:23:48 pm
India cenbank identifies eligible bidders for IDBI Bank stake sale The Reserve Bank of India has completed its review of potential buyers for a majority stake in IDBI Bank, approving Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank as bidders, three sources aware of the development said on Thursday. The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corp of India which holds 49.24%, together plan to sell 60.7% of the lender. The sale process was first announced in 2022. The sources did not wish to be i...
India cenbank identifies eligible bidders for IDBI Bank stake sale
India cenbank identifies eligible bidders for IDBI Bank stake sale
Source: Reuters
2024-08-01 04:05:41 pm
IDBI Bank gains on reporting 15% rise in total business during Q1FY25 IDBI Bank is currently trading at Rs. 84.48, up by 0.76 points or 0.91% from its previous closing of Rs. 83.72 on the BSE. The scrip opened at Rs. 83.91 and has touched a high and low of Rs. 84.90 and Rs. 83.73 respectively. So far 473826 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.70 on 06-Feb-2024 and a 52 week low of Rs. 56.61 on 25-Jul-2023. Last one week high and low of the scrip stood at Rs. 84.90 ...
IDBI Bank gains on reporting 15% rise in total business during Q1FY25
IDBI Bank gains on reporting 15% rise in total business during Q1FY25
Source: Accord Fintech
2024-07-05 03:02:08 pm
IDBI Bank declines despite reporting 37% rise in Q4 consolidated net profit IDBI Bank is currently trading at Rs. 89.14, down by 0.27 points or 0.30% from its previous closing of Rs. 89.41 on the BSE. The scrip opened at Rs. 92.69 and has touched a high and low of Rs. 93.21 and Rs. 88.37 respectively. So far 1965255 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 98.70 on 06-Feb-2024 and a 52 week low of Rs. 52.59 on 08-May-2023. Last one week high and low of the scrip stood at Rs. 93....
IDBI Bank declines despite reporting 37% rise in Q4 consolidated net profit
IDBI Bank declines despite reporting 37% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-05-06 02:13:17 pm
IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of the previous financial year. The bank's net interest income (NII) rose 12 per cent to Rs 3,688 crore from Rs 3,280 crore while return on assets (RoA) improved by 39 bps to 1.82 per cent for Q4 as compared to 1.43 per cent in the same quarter of the previous year. IDBI ...
IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter
IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter
Source: IANS
2024-05-05 09:03:22 am
IDBI Bank reports 55% rise in profits on YoY basis Highlights for FY 2024 *  Net profit at ?5,634 crore, YoY growth of 55%.  *  Operating Profit at ?9,592 crore, YoY growth of 10%. *  NIM at 4.93%, YoY growth 41 bps. *  Cost of Deposit stood at 4.30%. *  CRAR at 22.26%, YoY growth of 182 bps. *  Return on Assets (ROA) at 1.65%, YoY growth of 45 bps. *  Return on Equity (ROE) at 19.50%, YoY growth of 335 bps. *  Cost to Income Ratio stood at 46.10%. *  Net NPA at...
IDBI Bank reports 55% rise in profits on YoY basis
IDBI Bank reports 55% rise in profits on YoY basis
Source: PR Agency
2024-05-04 03:57:15 pm
Bankrupt Indian airline Go First gets two financial bids, say bankers India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday. Budget carrier SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said. "The plan includes additional fund infusion to restart the airline's operations," said a banker with a state-run bank...
Bankrupt Indian airline Go First gets two financial bids, say bankers
Bankrupt Indian airline Go First gets two financial bids, say bankers
Source: Reuters
2024-02-25 09:42:09 am
Bankrupt Indian airline Go First gets two financial bids, say bankers India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday. Budget carrier SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said. "The plan includes additional fund infusion to restart the airline's operations," said a banker with a state-run bank...
Bankrupt Indian airline Go First gets two financial bids, say bankers
Bankrupt Indian airline Go First gets two financial bids, say bankers
Source: Reuters
2024-02-24 12:05:54 pm
Fintech startup Paymart to offer `virtual ATM`, partners 5 banks Fintech startup Paymart on Friday said that it has partnered with five Indian banks to offer its innovative virtual, cardless, and hardware-less cash withdrawal service. Paymart has partnered with five prominent banks, including IDBI Bank, Indian Bank, Jammu & Kashmir Bank, and Karur Vyasa Bank, to roll out this service nationwide. The company is also in advanced discussions with four additional banks for further collaboration. "Our future-ready technology, coupled with dire...
Fintech startup Paymart to offer `virtual ATM`, partners 5 banks
Fintech startup Paymart to offer `virtual ATM`, partners 5 banks
Source: IANS
2024-02-10 09:40:24 am
Ex-PhonePe CEO`s startup Paymart to offer `virtual ATM`, partners 5 Indian banks Former PhonePe CEO Amit Narang's fintech startup Paymart on Friday said that it has partnered with five Indian banks to offer its innovative virtual, cardless, and hardware-less cash withdrawal service. Paymart has partnered with five prominent banks, including IDBI Bank, Indian Bank, Jammu & Kashmir Bank, and Karur Vyasa Bank, to roll out this service nationwide. The company is also in advanced discussions with four additional banks for further collaboration. "Our futur...
Ex-PhonePe CEO`s startup Paymart to offer `virtual ATM`, partners 5 Indian banks
Ex-PhonePe CEO`s startup Paymart to offer `virtual ATM`, partners 5 Indian banks
Source: IANS
2024-02-09 05:19:55 pm
Higher capital gains tax possible post-2024 elections: Jefferies Though an immediate tax hike is not expected, considering elections, some post-election measures such as higher capital gains tax are possible during the year, global broking firm Jefferies said in a report. Disinvestment may also get ramped up post-elections, partly as the government capitalizes on the sharp run in PSU stocks in sectors such as railways, defence etc, the report said. Some other measures to watch out for are a potential hike in the FPI limit in banks/insurance companies...
Higher capital gains tax possible post-2024 elections: Jefferies
Higher capital gains tax possible post-2024 elections: Jefferies
Source: IANS
2024-01-22 09:24:10 am
IDBI Bank Limited - Financial Results for Quarter 3 of FY 24.   Highlights for Q3 FY 2024 *  Net profit at ?1,458 crore, YoY growth of 57%. *  Operating Profit at ?2,327 crore, YoY growth of 13%. * NIM at 4.72%, YoY growth of 13 bps *  Cost of Deposit stood at 4.34%, YoY growth by 83 bps. *  CRAR stood at 20.32% with YoY growth of 18 bps. *  Return on Assets (ROA) stood at 1.70%, YoY growth of 48 bps. *  Return on Equity (ROE) stood at 19.57%, YoY gro...
IDBI Bank Limited - Financial Results for Quarter 3 of FY 24.
IDBI Bank Limited - Financial Results for Quarter 3 of FY 24.
Source: PR Agency
2024-01-20 05:23:03 pm
IDBI Bank logs higher Q3 PAT at Rs 1,458.18 crore Mortgage lender IDBI Bank closed the third quarter of FY24 with higher net profit of Rs 1,458.18 crore. In a regulatory filing on Saturday, IDBI Bank said for the quarter ended 31.12.2023 it had earned a total interest income of Rs 6,54.86 crore (Q3FY23 Rs.5,23.44 crore) and a net profit of Rs 1,458.18 crore (Rs 927.27 crore). The profit went up owing to all round increase in its revenue streams. During the quarter under review, the bank's provisions came down to Rs.319.85 crore ...
IDBI Bank logs higher Q3 PAT at Rs 1,458.18 crore
IDBI Bank logs higher Q3 PAT at Rs 1,458.18 crore
Source: IANS
2024-01-20 02:28:19 pm
India`s digital currency transactions top 1 million/day in Dec  Indian banks disbursed some employee benefits through digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said. The central bank digital currency (CBDC), called the e-rupee, has been devised as a digital alternative to physical cash and has been built using distributed-ledger technology. The RBI started its e-rupee pilot in December 2022 but transactions ave...
India`s digital currency transactions top 1 million/day in Dec
India`s digital currency transactions top 1 million/day in Dec
Source: Reuters
2024-01-04 02:34:59 pm
India doesn`t expect to complete sale of IDBI Bank this fiscal year The Indian government does not expect to conclude the sale of IDBI Bank by the end of the financial year on March 31, 2024, a top finance ministry official told reporters. The federal government, which owns 45.48% of IDBI Bank, and state-owned Life Insurance Corp of India, which holds 49.24%, together plan to sell 60.7% of the lender. Kotak Mahindra Bank, Canadian billionaire Prem Watsa-backed CSB Bank and Emirates NBD have submitted initial bids for a majority stake in IDBI Bank and th...
India doesn`t expect to complete sale of IDBI Bank this fiscal year
India doesn`t expect to complete sale of IDBI Bank this fiscal year
Source: Reuters
2023-11-17 10:29:22 am
India market levels show effective rate has risen; Central Bank meeting in focus India's central bank is widely expected to keep rates on hold on Friday but any further liquidity withdrawal measures alone may push market yields higher, causing another increase in effective rates, treasury officials and analysts said.The average daily call rate has risen to 6.70% between Aug. 14 and Oct. 5, sharply above the 6.49% between June 1 and Aug. 11 and the policy repo rate of 6.5%, which is ideally the anchor for overnight money market rates.The Reserve Bank of India, in its polic...
India market levels show effective rate has risen; Central Bank meeting in focus
India market levels show effective rate has risen; Central Bank meeting in focus
Source: Reuters
2023-10-05 02:56:05 pm