The country’s largest car maker Maruti Suzuki India has signed an initial pact with IDBI Bank to offer financing solutions for dealers.The new alliance will empower over 4,000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital needs, the automaker said in a statement on Tuesday.A Memorandum of Understanding (MoU) has been signed with IDBI Bank in this regard.”We have worked closely with IDBI Bank in developing curated products and end-to-end working capital solutions for our dealer partners across the country,” Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said.Dealer partners…
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Category: IDBI Bank
Apply for 600 Junior Assistant Manager posts
The application process for the Junior Assistant Manager post at IDBI Bank has officially begun on September 15 and is scheduled to conclude on September 30. Interested candidates can submit your application online through the official IDBI Bank website at idbibank.in.IDBI Recruitment DetailsTotal Vacancy: 600 postsEducational QualificationCandidates should be Graduate from any discipline from a university recognised by Government of India or an equivalent qualification recognised by Government of India.Age LimitThe age of the candidate must be between 20 years and 25 years as on August 31, 2023.Application FeeThe application fee structure for this…
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IDBI Bank Share Price Live blog for 13 May 2024
IDBI Bank Share Price Today : IDBI Bank’s stock opened at ₹83.91 and closed at ₹83.51 on the last day of trading. The high for the day was ₹84.82, while the low was ₹82.30. The market capitalization stood at ₹89,900.83 crores. The 52-week high for the stock was ₹98.70 and the 52-week low was ₹52.59. The BSE volume for the day was 610,533 shares traded.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
13 May 2024, 08:22 AM IST
IDBI Bank share price Today : IDBI Bank volume yesterday was 5 mn as compared to the 20 day avg of 10898 k
The trading volume…
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IDBI Bank Sells Over 0.72% Stake In NSE – BW Businessworld
IDBI Bank Sells Over 0.72% Stake In NSE BW Businessworld
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Source: https://businessworld.in/article/idbi-bank-sells-over-072-stake-in-nse%0D%0A%0D%0A-178248
IDBI Bank share price Today Live Updates : IDBI Bank closed today at ₹83.61, up 0.12% from yesterday's ₹83.51 | Mint – Mint
IDBI Bank share price Today Live Updates : IDBI Bank closed today at ₹83.61, up 0.12% from yesterday’s ₹83.51 | Mint Mint
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IDBI Bank share price Today Live Updates : IDBI Bank closed today at ₹83.51, down -2.67% from yesterday's ₹85.8 | Mint – Mint
IDBI Bank share price Today Live Updates : IDBI Bank closed today at ₹83.51, down -2.67% from yesterday’s ₹85.8 | Mint Mint
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Security clearances for prospective IDBI bidders likely by October end
Security clearances for IDBI Bank’s prospective bidders could come through by the end of October, nearly 10 months after expressions of interest (EoIs) were first submitted for the bank by four parties, according to sources aware of the matter.“Agencies have sought information to undertake criminal record checks for the prospective applicants. These take time as it involves coordination with multiple international jurisdictions. It is expected this month,” a person in the know said.The IDBI Bank divestment lays out a two-stage security clearance requirement for bidders.In the first stage, a security clearance is mandatory to access confidential information about the bank and carry…
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Maruti Suzuki signs MoU with IDBI to provide dealer financing solutions | Company News
‘Dealer partners are the backbone of the company’s business and the automaker’1 min read Last Updated : Oct 11 2023 | 3:58 PM IST
The country’s largest car maker Maruti Suzuki India has signed an initial pact with IDBI Bank to offer financing solutions for dealers.
The new alliance will empower over 4,000 Maruti Suzuki sales outlets across the country with comprehensive inventory funding options for their working capital needs, the automaker said in a statement on Tuesday.
A Memorandum of Understanding (MoU) has been signed with IDBI Bank in this regard.
“We have worked closely with IDBI Bank in developing curated products and end-to-end working capital solutions for our…
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India likely to announce sale of IDBI bank, stake in LIC, sources say
By Manoj Kumar and Aftab AhmedNEW DELHI (Reuters) – India’s government plans to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country’s biggest insurer, in next week’s federal budget, as part of a privatisation push to improve public finances, two government sources said.Finance Minister Nirmala Sitharaman’s plans to divest government control of large companies such as Air India and Bharat Petroleum Corp Ltd failed to make much headway in the current fiscal year because of the pandemic.Now the government is renewing its drive to sell stakes as it tries to shore up revenues following the deepest economic contraction in decades.One of the sources said the…
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Source: https://sg.news.yahoo.com/exclusive-india-likely-announce-sale-024144764.html
IDBI Bank expects FY24 deposit growth of 10% and advances growth of 15%
IDBI bank witnessed an expansion in its net interest margin in the first quarter of FY24 aided by a rise in yields. The net interest margin is now at 5.8 percent versus 4.02 percent year on year and 5.01 percent quarter on quarter. The net interest income is higher at Rs 3,997 crore, up 60.7 percent year on year and 21.9 percent quarter on quarter.The slippages for the bank have been under control. The June ended quarter saw a decline in slippages of 30 percent to Rs 602 crore, which is among the lowest in past three to four years. The gross non performing assets are now lower by 20 percent to Rs 8,762 crore. Rakesh Sharma, MD and CEO at IDBI Bank, in an interaction with CNBC-TV18…
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