Category: IDBI Bank

Net profit jumps 57.2% to Rs 1,458.18 crore; asset quality improves

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Private sector lender IDBI Bank on January 20 reported a net profit of Rs 1,458.18 crore for the October-December quarter of the financial year (FY) 2023-24, clocking 57.2 percent rise from Rs Rs 927.27 crore in the year-ago period.
The bank’s gross non-performing asset (NPA) stood at 4.69 percent, down from 13.82 percent recorded in the same quarter last year. On the other hand, net NPA for the quarter stood at 0.34 percent, improving from 1.08 percent on a year-on-year basis.

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Source: https://www.moneycontrol.com/news/business/idbi-bank-q3-results-net-profit-jumps-57-2-to-rs-1458-18-crore-asset-quality-improves-12092471.html/amp

Procedural delays likely in IDBI Bank stake sale; bids expected in Q3

The strategic sale of government and state-owned Life Insurance Corporation (LIC) of India stakes in IDBI Bank might encounter procedural delays, potentially pushing the timeline for expected financial bids to the third quarter of the current financial year (2023-24, or FY24), according to sources familiar with the development. Financial bids constitute the second significant step in the disinvestment process, following expressions of interest (EoIs) from potential bidders. Click here to follow our WhatsApp channel In this phase, bidders are required to quote transactional fee as a percentage of the disinvestment proceeds, which are then added to the government’s kitty after…
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Source: https://www.business-standard.com/amp/companies/news/procedural-delays-likely-in-idbi-bank-stake-sale-financial-bids-by-q3fy24-123080800802_1.html

IDBI Bank share price Today Live Updates : IDBI Bank closed today at ₹60.65, up 0.4% from yesterday’s ₹60.41

IDBI Bank’s stock opened at ₹60.11 and closed at ₹62.27 on the last trading day. The stock reached a high of ₹60.69 and a low of ₹59.7. The market capitalization of the bank is currently ₹64,955.26 crore. The 52-week high for the stock is ₹74.75, while the 52-week low is ₹42.88. The BSE volume for the stock on the last trading day was 1,256,399 shares.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

23 Nov 2023, 06:33 PM IST
IDBI Bank share price Today :IDBI Bank closed today at ₹60.65, up 0.4% from yesterday’s ₹60.41
Today, IDBI Bank stock…
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Source: https://www.livemint.com/market/live-blog/idbi-bank-share-price-live-blog-for-23-nov-2023/amp-11700707364802.html

IDBI Bank closed today at ₹69.67,

IDBI Bank Stock Price TodayIDBI Bank Share Price Today : IDBI Bank opened at ₹68.01 and closed at ₹68.67 on the last day. The high for the day was ₹69.94, while the low was ₹66.75. The market capitalization of the bank is ₹74,331.36 crore. The 52-week high for IDBI Bank is ₹74.75, and the 52-week low is ₹42.88. The BSE volume for the day was 1,434,357 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/idbi-bank-share-price-live-blog-for-19-jan-2024-151705631458033

FD rates up to 8.40%: These banks have revised fixed deposit interest rates in January 2024

Since the new year began, many banks have revised their fixed deposit interest rates and some banks have extended their special fixed deposit last date. PNB, BoB, Federal Bank and IDBI bank have revised their fixed deposit interest rates in January 2024. PNBPunjab National Bank revised fixed deposits twice this month. Punjab National Bank raised FD interest rates for the second time in a month. This time, the bank increased rates by 80 basis points (bps) on a single tenure. The bank has hiked 80 bps on tenure of 300 days from 6.25% to 7.05% for general citizens, 7.55% for senior citizens, and 7.85% to super senior citizens.All About Tax-SavingAfter revision, the bank offers interest…
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Source: https://m.economictimes.com/wealth/invest/fd-rates-up-to-8-40-these-banks-have-revised-fixed-deposit-interest-rates-in-january-2024/amp_articleshow/106981830.cms

IndusInd Bank Q3 Results Review

IndusInd Bank Ltd. consistently maintained the net interest margins (at 4.3%) for last five quarters backed by improvement in yields. Credit growth remains strong led by growth across the segments. We expect 18% compound annual growth rate (FY23-26) loan growth backed by retail portfolio. Deposit growth slowdown further, while management guided for credit-deposit ratio to remain in the historical range of 85-90%. Micro finance institution portfolio which remains key concern area reported stable gross non-performing asset (at 4.4% versus 4.5% QoQ). Profitability remains strong led by lower credit cost as management utilized Rs 2.20 billion of contingent provisions. IndusInd Bank maintains…
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Source: https://www.ndtvprofit.com/research-reports/indusind-bank-q3-results-review-nims-stable-qoq-deposits-growth-lower-idbi-capital

SBI Amrit Kalash, IDBI Bank Amrit Mahotsav special FDs will close tomorrow; check details

Last year, banks introduced special, short-term fixed deposits on the occasion of Amrit Mahotsav with higher interest rates compared to standard FDs. Some of these special bank FDs ended and few will end on August 15, 2023. State Bank of India and IDBI Bank’s special fixed deposits dubbed Amrit Kalash and Amrit Mahotsav FD, respectively, will end on August 15, 2023. SBI Amrit Kalash The bank offers “AMRIT KALASH” retail term deposit scheme at a rate of 7.10% pa for regular citizen. The tenure of the deposit is 400 days. As per the SBI website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are…
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Source: https://m.economictimes.com/wealth/invest/sbi-amrit-kalash-idbi-bank-amrit-mahotsav-special-fds-will-close-tomorrow-check-details/amp_articleshow/102681940.cms

Maruti Suzuki partners IDBI Bank for inventory financing

Mumbai: IDBI Bank has entered into an agreement with auto-maker Maruti Suzuki India (MSIL) for inventory financing. This alliance will provide over 4,000 Maruti Suzuki dealerships nationwide with funding options for their working capital requirements from IDBI Bank.The memorandum of understanding was signed in the presence of Rakesh Sharma, IDBI Bank, MD and Shashank Srivastava, senior executive officer-marketing & sales from MSIL with other senior members from both organisations.” IDBI Bank’s Supply-Chain Finance will provide easy access to working capital finance to the dealers of MSIL at favourable terms for driving their business growth. The bank is continuously making its entire…
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Source: https://timesofindia.indiatimes.com/business/india-business/maruti-suzuki-partners-idbi-bank-for-inventory-financing/articleshow/104362213.cms

IDBI Bank closed today at ₹69.13,

IDBI Bank Stock Price TodayIDBI Bank Share Price Today : On the last day, IDBI Bank opened at ₹69.88 and closed at ₹70.42. The stock had a high of ₹70.2 and a low of ₹68.5. The market capitalization of IDBI Bank is ₹73,836.75 crore. The 52-week high for the stock is ₹74.75 and the 52-week low is ₹42.88. On the BSE, the stock had a trading volume of 909,806 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/idbi-bank-share-price-live-blog-for-18-jan-2024-151705546815660