Latest News on IDBI Bank
IDBI JAM Interview Call Letter 2025 Released: Download Now
The IDBI JAM Interview Call Letter 2025 has been released on the official website, and candidates who cleared the online exam held on April 6 can now download their call letter using their login details. The interview is the next step in the selection process for the Junior Assistant Manager post, and it is scheduled to take place until June 6. The call letter contains important information such as the date, time, and venue of the interview, and candidates must carry a printed copy of the call letter along with valid ID proof to the interview center.
To download the call letter, candidates can visit the official website, go to the “Careers” section, and click on “Current Openings.” They can then find and select the IDBI Junior Assistant Manager Recruitment 2025 link and click on the Interview Call Letter link. Candidates will need to enter their Registration ID/Roll No., Password/Date of Birth, and captcha to access their call letter. A direct link to download the call letter is also provided for convenience.
It is essential for candidates to download and print the call letter well in advance to avoid any last-minute issues. The call letter is a mandatory document for the interview round, and candidates must carry it to the venue without fail. Candidates are advised to read the instructions mentioned in the call letter thoroughly and follow all the guidelines to avoid any issues on the interview day.
The IDBI JAM Interview Call Letter 2025 is a crucial document that contains all the necessary details about the interview. Candidates must check all the details mentioned in the call letter carefully, including the date, time, and venue of the interview. By following the simple steps to download the call letter, candidates can ensure that they are well-prepared for the interview and can avoid any last-minute hassles. With the interview scheduled to take place until June 6, candidates must make sure to download their call letter at the earliest and prepare accordingly.
Another arrest made in connection with IDBI Bank scam | Hyderabad News
The Crime Investigation Department (CID) of Telangana police has arrested a manager from IDBI bank in Mumbai in connection with a Rs 2.8 crore fraud case. The case, which was registered in 2021, involves the sanctioning of unauthorized loans to 305 individuals between 2015 and 2016. The arrested manager, Bukya Suresh, had previously worked as an assets officer at the Sattupally branch, where the alleged fraud took place. Suresh was produced before a magistrate and sent to judicial remand, bringing the total number of arrests in the case to seven.
The case involves the disbursement of Rs 2.61 crore in Kisan Credit Card loans to 279 farmers and Rs 25 lakh in microloans to 26 individuals. The loans were allegedly sanctioned using forged pattadar pass books, which were submitted as part of the loan approval process. The scam was uncovered during an internal audit in 2018-19, which revealed procedural lapses and suspicious financial transactions. A subsequent investigation by the bank and revenue authorities confirmed that the documents used to secure the loans were fake.
The main accused in the case include Nallagopula Ramesh, the former branch head of Sattupally IDBI, and Chettipogu Suresh, a business correspondent of the bank. They are alleged to have colluded with associates to process the loans using fake documents. The case has been registered under relevant sections of the Indian Penal Code (IPC).
The arrest of Suresh comes two weeks after five others were taken into custody in connection with the same case. The CID is continuing its investigation into the matter, and it is likely that further arrests will be made. The case highlights the need for banks to have robust internal controls and audit mechanisms in place to prevent such frauds from occurring. It also underscores the importance of swift action being taken against those involved in such fraudulent activities to prevent them from causing further harm to the banking system.
IDBI Capital Revises Outlook to ‘Buy’ Following HAL’s Compelling Strategic Roadmap
Clean Science’s management has outlined an ambitious plan to significantly scale up the production and revenue of their HALS (Hindered Amine Light Stabilizers) series over the next few years. According to their projections, the company aims to increase the volume of HALS production from 1,900 tons in FY25 to approximately 10,000 tons in FY28. This represents a more than five-fold increase in production volume over a three-year period.
In terms of revenue, the management expects to see a corresponding increase, with sales revenue from the HALS series rising from Rs 800 million in FY25 to around Rs 5.6 billion in FY28. This translates to a blended realization of Rs 580-585 per kilogram. The company’s management has expressed confidence in their strategy to ramp up the HALS series, citing their ability to scale up production while maintaining profitability.
For FY26, the management has set a target of producing 4,500 tons of HALS, with a corresponding revenue target of Rs 2.1 billion. This represents a significant increase from the FY25 projections, and demonstrates the company’s commitment to rapidly expanding their HALS business.
The management’s confidence in their ability to scale up the HALS series is likely based on a combination of factors, including the growing demand for these products, the company’s existing manufacturing capabilities, and their ability to invest in new technologies and processes to support increased production.
Overall, Clean Science’s plans to scale up their HALS series represent a significant opportunity for growth and expansion, and demonstrate the company’s commitment to becoming a major player in the global specialty chemicals market. With a clear roadmap for expansion and a focus on maintaining profitability, the company is well-positioned to achieve their ambitious targets and drive long-term success.
Q4 IT Services Results Analysis: Midcaps Steal the Show as Large Caps Feel the Pinch of Intensifying Macro Pressures, Says IDBI Capital on NDTV Profit
The Q4 results for IT services companies have been released, and mid-cap companies have outshined their large-cap counterparts, according to a review by IDBI Capital. The review notes that while large-cap companies have been impacted by macroeconomic factors, mid-cap companies have shown resilience and reported better-than-expected results.
The IT services sector has been facing challenges due to global economic uncertainty, currency fluctuations, and trade tensions. As a result, large-cap companies such as Infosys, TCS, and Wipro have reported modest growth in their Q4 results. However, mid-cap companies such as Mindtree, L&T Infotech, and Hexaware have surprised the market with strong growth numbers.
The review attributes the outperformance of mid-cap companies to their ability to adapt quickly to changing market conditions. These companies have been able to leverage their agile business models and niche expertise to win new deals and expand their client relationships. In contrast, large-cap companies have been slow to respond to changing market dynamics, which has impacted their growth.
The Q4 results also highlight the importance of digital transformation for IT services companies. Companies that have invested in digital capabilities such as cloud, artificial intelligence, and cybersecurity have reported stronger growth than those that have not. The review notes that digital transformation is no longer a niche area, but a mainstream phenomenon that is driving growth and profitability for IT services companies.
In terms of sectoral trends, the review notes that the BFSI (banking, financial services, and insurance) sector continues to be a strong growth driver for IT services companies. The retail and consumer goods sector is also showing signs of recovery, driven by increasing adoption of digital technologies. However, the manufacturing and energy sectors remain challenging due to global economic uncertainty.
Overall, the Q4 results for IT services companies suggest that the sector is undergoing a transition, with mid-cap companies emerging as the new leaders. The review notes that investors should focus on companies with strong digital capabilities, agile business models, and niche expertise, as these are likely to be the winners in the long term. As the macroeconomic environment remains uncertain, IT services companies will need to be adaptable and innovative to succeed.
NDTV Profit Exclusive: Emirates NBD Considers Wholly-Owned Subsidiary Route Amid IDBI Bank Acquisition Speculation
Emirates NBD, a leading Middle Eastern bank, is planning to establish a wholly-owned subsidiary in India to make its bid for IDBI Bank more attractive. The bank has received an in-principle nod from the Reserve Bank of India (RBI) to convert its existing branches in Chennai, Gurugram, and Mumbai into a wholly-owned subsidiary. This move will allow Emirates NBD to expand its operations in India and acquire a domestic franchise more easily.
A wholly-owned subsidiary model provides a foreign lender with unfettered branch addition and allows them to maintain capital in India, making it more difficult to repatriate capital back to home markets. This model also grants the regulator more comfort, as it ensures that the foreign lender’s domestic unit is better capitalized.
Emirates NBD is currently competing with Prem Watsa’s Fairfax Capital to acquire IDBI Bank. The establishment of a wholly-owned subsidiary is expected to give Emirates NBD an edge in the bidding process, as Fairfax Capital faces complications due to its existing controlling stake in CSB Bank India. The regulator typically does not allow one promoter to own multiple banking franchises, and Fairfax Capital is working out a special structure to ensure that IDBI Bank and CSB Bank are held separately.
The bidders are expecting the process to close by the end of this financial year or early next year. However, they are also watching for any developments on the employee side, as IDBI Bank’s employees are still strong and may oppose foreign investors. The employee unions may cause some impediments in the closure of the deal or any retrenchment at the bank.
Other large foreign lenders, such as HSBC and Standard Chartered Bank, have opted out of the wholly-owned subsidiary model due to double capital charges. However, smaller lenders like DBS Bank and State Bank of Mauritius have used this route to expand their operations in India. Emirates NBD’s decision to establish a wholly-owned subsidiary demonstrates its commitment to expanding its presence in the Indian market and acquiring a domestic franchise.
Stock Market Updates of IDBI Bank
Recent Updates
Hurry! Today is the last day to apply for 676 JAM vacancies – apply now through this link
IDBI Bank is currently conducting a recruitment drive to fill 676 Junior Assistant Manager (JAM) Grade ‘O’ posts for the year 2025-26. The registration process for this recruitment is set to commence, but only for a short period, as it is scheduled to close on May 20, 2025. Interested candidates can apply online through the official website of IDBI Bank, which is idbibank.in.
To be eligible for the JAM posts, candidates must meet certain criteria. They should be between the ages of 20 and 25 years as on May 1, 2025. Additionally, they should hold a bachelor’s degree with a minimum of 60% marks for General, EWS, and OBC candidates, and 55% marks for SC/ST/PwBD candidates, in any discipline from a recognized university.
The application process involves several steps. Candidates need to visit the official website, go to the Careers section, and click on the link for Recruitment of Junior Assistant Manager (JAM) Grade ‘O’ : 2025-26. They then need to register themselves and proceed with the application process, filling the form, paying the fee, and submitting the form. It is essential to take a printout of the application form for future reference.
The application fee varies depending on the category of the candidate. SC/ST/PwBD candidates need to pay a fee of Rs 250, while all other candidates need to pay Rs 1050. The online test for the recruitment is expected to be conducted on June 8, 2025.
Candidates are advised to visit the official website of IDBI Bank for more details and to access the official notification. The notification provides detailed information about the recruitment process, eligibility criteria, and application procedure. By visiting the website, candidates can ensure that they have all the necessary information to apply for the JAM posts successfully.
Junior Assistant Manager Recruitment: Submit Applications by May 20 for 676 Vacant Positions – Check Details
IDBI Bank has announced the recruitment of Junior Assistant Manager (JAM) Grade ‘O’ positions for the year 2025-26. The online application window is now open, and eligible candidates can apply on the bank’s official website, idbibank.in, until May 20, 2025. The recruitment drive aims to fill 676 JAM posts, and the online test is expected to be conducted on June 8, 2025.
To be eligible for the posts, candidates must be between the ages of 20 and 25 years as of May 1, 2025. They must also hold a bachelor’s degree with a minimum of 60% marks for General, EWS, and OBC candidates, and 55% marks for SC/ST/PwBD candidates, in any discipline from a recognized university.
The application fee for SC/ST/PwBD candidates is Rs 250, while all other candidates must pay Rs 1050. To apply, candidates can follow these steps:
1. Visit the official website, idbibank.in
2. Click on “Careers” and then “Current Openings”
3. Select “Recruitment of Junior Assistant Manager (JAM) Grade ‘O’ : 2025-26”
4. Register and proceed with the application process
5. Fill out the form, pay the fee, and submit the form
6. Take a printout of the application for future reference
Candidates can also access the direct link to apply for JAM 2025 on the official website. It is advised that candidates visit the official website for more details and to stay updated on the recruitment process. The online application window will close on May 20, 2025, so interested candidates are encouraged to apply as soon as possible. The recruitment drive provides an excellent opportunity for aspiring candidates to join IDBI Bank as Junior Assistant Manager Grade ‘O’ and start their career in the banking sector.
IDBI Bank announces recruitment for 676 Junior Assistant Manager positions, applications to begin on May 8, 2025
IDBI Bank has announced a recruitment drive for the position of Junior Assistant Manager (JAM) Grade ‘O’ for the year 2025-26. The bank is inviting online applications from eligible candidates to fill 676 vacancies. Interested candidates can register for the posts on the official website, idbibank.in, from May 8, 2025, to May 20, 2025.
To be eligible for the position, candidates must meet certain criteria. They must be between the ages of 20 and 25 years as on May 1, 2025. Additionally, they must hold a bachelor’s degree with a minimum of 60% marks for General, EWS, and OBC candidates, and 55% marks for SC/ST/PwBD candidates. The degree can be in any discipline and must be from a recognized university.
The selection process for the position will involve an online test, which is expected to be conducted on June 8, 2025. Candidates who are interested in applying for the position must pay an application fee, which varies depending on their category. Candidates from SC/ST/PwBD categories are required to pay a fee of Rs 250, while all other candidates must pay a fee of Rs 1050.
Candidates are advised to visit the official website of IDBI Bank for more details on the recruitment drive, including the official notification and application process. The website provides all the necessary information, including eligibility criteria, application fee, and selection process.
It is essential for candidates to carefully read and understand the eligibility criteria and application process before submitting their application. The recruitment drive is a great opportunity for candidates who are looking to join a reputable bank like IDBI Bank and start their career as a Junior Assistant Manager. With 676 vacancies available, candidates who meet the eligibility criteria and perform well in the online test can look forward to a promising career with the bank.
The Reserve Bank of India (RBI) has slapped penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, and two others.
The Reserve Bank of India (RBI) has imposed penalties on five major banks, including ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra, for non-compliance with various regulatory directions. The penalties, ranging from ₹29.60 lakh to ₹97.80 lakh, were imposed due to deficiencies in regulatory compliance in areas such as cyber security, know your customer (KYC) norms, credit and debit card issuance, and customer service.
ICICI Bank was fined ₹97.80 lakh for non-compliance with RBI directions on cyber security, KYC, and credit and debit card issuance. Bank of Baroda was penalized ₹61.40 lakh for non-compliance with directions on financial services and customer service. IDBI Bank and Bank of Maharashtra were each fined ₹31.80 lakh for non-compliance with directions on interest subvention scheme for agricultural loans and KYC norms, respectively.
Axis Bank was penalized ₹29.60 lakh for unauthorized operation of internal accounts. The RBI clarified that the penalties were not intended to question the validity of any transactions or agreements entered into by the banks with their customers, but rather to address the deficiencies in regulatory compliance.
The penalties are a reminder of the RBI’s focus on ensuring that banks adhere to regulatory requirements and maintain high standards of compliance. The central bank has been actively monitoring banks’ compliance with various regulations and has taken enforcement actions against those that fail to meet the required standards. The penalties imposed on these five banks serve as a warning to other lenders to ensure that they are in compliance with all regulatory requirements to avoid similar penalties in the future. Overall, the RBI’s actions aim to promote a safe and sound banking system that protects the interests of customers and maintains public trust in the financial sector.
Maximize Your Returns: Compare the 444-Day Special Fixed Deposits of SBI, IDBI, BoB, and Punjab & Sindh Bank to Find Out Which One Offers the Highest Interest on Your Rs 6 Lakh Investment
Several banks in India have introduced or extended special fixed deposit (FD) schemes, offering investors attractive interest rates for specific durations. These schemes are similar to regular term deposits but are available only for a limited time and often come with enhanced interest rates. Recently, the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, prompting banks to adjust their interest rates downward.
Punjab & Sind Bank has extended its special tenure fixed deposit scheme until June 30, 2025, and has also revised its interest rates. IDBI Bank has revamped its Utsav Deposit Scheme, discontinuing certain tenures and implementing interest rate cuts across key tenures. The State Bank of India (SBI) has relaunched its Amrit Vrishti 444-day FD at a reduced interest rate, giving investors another opportunity to lock in returns on a medium-term deposit.
Bank of Baroda (BoB) has introduced a new deposit scheme called the bob Square Drive Deposit Scheme, replacing its earlier Utsav Deposit Scheme. The 444-day FD under this new plan offers revised interest rates for both general and senior citizens. These changes are effective from April 7, 2025. The interest rates offered by these banks are subject to change and may not be the same as those offered by other banks.
It’s essential for investors to do their due diligence and consult with a financial expert before making any investment decisions. The calculations provided are projections and not investment advice. Investors should carefully review the terms and conditions of each scheme, including the interest rates, tenure, and any applicable penalties for early withdrawal.
Overall, the special FD schemes offered by these banks provide investors with an opportunity to earn attractive interest rates on their deposits. However, investors should be aware of the risks and rewards associated with these schemes and make informed decisions based on their individual financial goals and risk tolerance. By doing so, investors can make the most of these special FD schemes and achieve their financial objectives.
What’s behind the diamond trader’s alleged fugitive status in India? What lies ahead?
Mehul Choksi, the billionaire diamond trader and nephew of Nirav Modi, wanted in the Punjab National Bank (PNB) loan fraud case, may finally be on his way back to India after being arrested in Belgium at the behest of the Central Bureau of Investigation (CBI). Choksi, 65, had been living in Antwerp, Belgium, with his wife, Preeti Choksi, after obtaining a residency card, which was allegedly obtained with false declarations and forged documents.
Choksi had fled India in January 2018 with his nephew Nirav Modi before the PNB loan scam came to light. He had moved to Antigua and Barbuda, where he was granted citizenship, and later to Belgium. India had requested Belgium to extradite him, and the country confirmed his presence in early March.
Choksi’s arrest on Saturday came after Belgian authorities confirmed they were aware of his presence and were giving it great importance. However, he is expected to seek bail and release on the grounds of ill health. The CBI has issued two open-ended arrest warrants against Choksi, which date back to May 2018 and June 2021.
Punjab National Bank scam whistleblower Hariprasad SV expressed doubts about India’s ability to extradite Choksi, citing his wealth and access to the best lawyers in Europe. He also recalled a previous instance where Choksi evaded extradition in the Caribbean. Hariprasad hopes that the Indian government will succeed in bringing Choksi back this time.
The CBI has booked Choksi, Nirav Modi, and officials of PNB for defrauding the bank to the tune of Rs 13,850 crore. It is alleged that they used fraudulent letters of undertaking (LoUs) and foreign letters of credit (FLCs) by bribing bank officials. Choksi’s operations were not limited to PNB; his company, Gitanjali Gems, was also found to have defaulted on loans from ICICI Bank, IDBI Bank, and the Life Insurance Corporation of India (LIC), and had violated various FEMA regulations. Choksi is facing charges under the Prevention of Money Laundering Act and other sections of the Indian Penal Code. The extradition process may not be easy, but this development brings Choksi a step closer to facing justice in India.
Widespread disruption: India’s UPI transaction system crashes, leaving users unable to access multiple apps and services nationwide | Top News Stories
A major outage affected several UPI (Unified Payments Interface) apps on Saturday, preventing users from sending and receiving money. According to data from Downdetector, a website that tracks app outages, over 2,300 reports of UPI issues were submitted around 1 PM. Google Pay, Paytm, and various banks were among the apps affected. The outage caused significant inconvenience to users across India, marking the third major UPI outage in the past 30 days.
The most affected banks included State Bank of India (SBI), HDFC Bank, Axis Bank, Bank of India, Indian Bank, ICICI Bank, Kotak Mahindra Bank, Bank of Baroda, Federal Bank of India, IDBI Bank, Yes Bank, IndusInd Bank, and IDFC Bank. Many users reported issues with mobile banking, online banking, fund transfers, and bill payments.
While the outage was widespread, no single issue dominated the reports. Some users reported payment failures, while others experienced problems with transactions, mobile banking, and online banking. The exact cause of the outage is not clear, but it highlights the importance of reliable payment systems and the need for banks and fintech companies to prioritize user experience.
The recent outage serves as a reminder that technology can fail, and it is essential to have backup plans and redundancy measures in place to minimize the impact of outages. In the meantime, affected users are advised to monitor the situation and wait for further updates from their banks and fintech companies.
Do you back the government’s decision to privatize IDBI Bank?
The Indian Government has announced its plan to privatize IDBI Bank, a leading public sector lender, by selling a majority stake to a private company. The decision has sparked intense debate among stakeholders, with some supporting the move while others are opposing it.
Proponents of privatization argue that it will bring in much-needed capital and expertise to revitalize the bank’s struggling balance sheet. IDBI Bank has been facing significant challenges, including high non-performing assets, declining profitability, and a need for fresh capital to support its growth plans. Privatization is seen as a way to inject new life into the bank, allowing it to compete more effectively in the market and provide better services to its customers.
Moreover, privatization is expected to bring in new management and governance structures, which will help improve the bank’s efficiency and effectiveness. Private sector companies are known for their ability to cut expenses, streamline operations, and increase productivity, which will likely benefit IDBI Bank.
On the other hand, opponents of privatization argue that it will lead to job losses and erode the financial system’s stability. Public sector banks like IDBI Bank have a crucial role to play in supporting economic growth, particularly in rural and semi-urban areas where private sector banks have a limited presence. Privatization will undermine the government’s ability to use the banking system as a tool for economic development.
Additionally, the process of privatization is expected to be complex and time-consuming, involving a lengthy bidding process and regulatory approvals. This could lead to delays and uncertainty, which may harm the bank’s reputation and financial performance.
In conclusion, the privatization of IDBI Bank is a complex issue that requires careful consideration of both sides of the argument. While it may bring in new capital and expertise, it also poses significant risks to the financial system’s stability and the bank’s employees. Ultimately, a well-structured privatization process that balances the need for efficiency with the needs of the financial system and society will be crucial to ensure a successful outcome.
IDBI has Released the Junior Assistant Manager Admit Card for 2025, Click Here to Download the JAM Call Letter
The Industrial Development Bank of India (IDBI) has released the IDBI Junior Assistant Manager Admit Card 2025 for all registered candidates. The admit card is available for download on the official IDBI website, www.idbibank.in. To access the admit card, candidates must log in using their registration number, password, or date of birth.
The IDBI Junior Assistant Manager 2025 Exam is scheduled for April 6, 2025, and it is mandatory for candidates to download their admit cards from the official IDBI website before this date. Candidates must also carry a printed copy of the admit card to the exam centre, as entry will not be permitted without it.
The IDBI JAM Admit Card 2025 includes essential information such as the candidate’s full name, photograph and signature, registration number, roll number, examination center information, date and time of the examination, reporting time, category of the candidate, and instructions for the exam day. It also provides a space for a thumb impression and signature.
Candidates are advised to review all the details on the admit card to ensure accuracy and adhere to the provided instructions. They must also bring a valid photo ID proof and two recent passport-size photos to the exam hall.
The IDBI JAM Admit Card 2025 can be downloaded by following the given steps:
1. Visit the official IDBI website, www.idbibank.in.
2. Navigate to the Careers section.
3. Search for the Recruitment Notification.
4. Click on the Call Letter link.
5. Enter credentials such as registration number and date of birth.
6. Download the Admit Card.
Overall, the IDBI JAM Admit Card 2025 is an essential document for candidates appearing for the exam. It provides crucial information and instructions for the exam day and is mandatory for entry to the exam centre.
IDBI Bank Faces Rs 36-Lakh Penalty for Violating Foreign Exchange Regulations
The Reserve Bank of India (RBI) has imposed a penalty of ₹36 lakh on IDBI Bank for violating the Foreign Exchange Management Act (FEMA). This decision was made after the bank failed to comply with certain regulations related to the foreign exchange transactions.
According to the FEMA, financial institutions like IDBI Bank are required to maintain detailed records of foreign exchange transactions, report suspicious transactions, and follow guidelines on the sale and purchase of foreign currency. However, IDBI Bank failed to adhere to these regulations, resulting in FEMA violations.
The RBI investigation revealed that the bank had defaulted on uploading the information related to foreign exchange transactions to the Reserve Bank’s reporting system and had also failed to submit the required reports in a timely manner. Additionally, the bank had also failed to put in place adequate procedures to ensure compliance with FEMA regulations.
The RBI has imposed a penalty of ₹36 lakh on IDBI Bank, which is approximately $47,000, for these violations. This is one of the largest penalties imposed by the RBI on a bank for FEMA violations.
The IDBI Bank has been directed to pay the penalty within a specified period, and the bank has also been directed to ensure that it complies with FEMA regulations in the future. The RBI has also asked the bank to submit a compliance report within a specific time frame to confirm that these issues have been rectified.
This penalty is a stern warning to other banks and financial institutions in India to ensure that they comply with FEMA regulations and maintain adequate procedures to ensure compliance. The RBI is committed to ensuring that the financial sector in India remains stable and that banks abide by the rules and regulations.
The IDBI Bank has been an important player in India’s financial sector, and this penalty serves as a reminder to the bank and other financial institutions to prioritize compliance with regulations.
IDBI Capital secures backing from leading limited partners for its two latest investment funds.
IDBI Capital Markets and Securities Ltd, a subsidiary of IDBI Bank, has secured capital commitments for two new alternative investment funds. The development was revealed by a source familiar with the matter to VCCircle. This news comes after VCCircle reported last month that IDBI Capital was preparing to launch new funds. The new funds are expected to be part of the company’s expansion plans in the alternative investment space.
IDBI Capital was founded in 1998 and is a well-established player in the Indian financial market. The company has a strong track record of managing alternative investment funds, including private equity, venture capital, and real estate funds. With the new funds, IDBI Capital aims to strengthen its presence in the alternative investment space and tap into the growing demand for such products.
The exact details of the new funds, such as their size, focus, and investment strategy, have not been disclosed. However, industry sources suggest that the funds will be multi-stranded, with a mix of debt and equity investments. The company is likely to target a range of sectors, including sectors like consumer, healthcare, and technology.
The news comes at a time when the Indian alternative investment space is witnessing rapid growth, driven by factors such as the Indian government’s policies to boost economic growth, the increasing adoption of alternative investment products, and the growing participation of high net-worth individuals in the market.
For IDBI Capital, the launch of new funds is a strategic move to expand its presence in the alternative investment space and leverage its expertise to tap into the growing demand for such products. The company has a strong track record of delivering returns to its investors, which is expected to attract new investors to its funds.
Overall, the news is a positive development for IDBI Capital and the Indian alternative investment space, as it indicates the company’s commitment to expanding its offerings and catering to the growing demand for alternative investment products.
Unlock the Key to Affordable Home Ownership: Say goodbye to high interest rates! Compare the best home loan deals of 2025 and start building your dream home now!
Are you dreaming of owning your own home, but high loan rates are giving you sleepless nights? Worry no more! Many banks are currently offering home loans at very affordable interest rates and EMIs (Equated Monthly Installments). In this article, we’ll help you discover which bank is offering the cheapest home loan option.
Rising interest rates and expensive loans can make home ownership a daunting task. However, several government banks, including Bank of Maharashtra, Central Bank of India, and Punjab National Bank, are offering home loans at attractive interest rates, starting from 8.10% to 10.65%. This can significantly reduce your EMI and make owning a home a more achievable goal.
Here’s a breakdown of the best home loan rates offered by various banks, with rates starting from 8.10%:
* Bank of Maharashtra: 8.10% to 10.65%
* Central Bank of India: 8.10% to 9.95%
* Punjab National Bank: 8.15% to 9.85%
* Indian Overseas Bank: 8.15% to 9.85%
* State Bank of India: 8.50% to 9.75%
* UCO Bank: 8.35% to 10.55%
* IDBI Bank: 8.40% to 12.25%
* Nainital Bank: 8.40% to 11.20%
When choosing a loan, consider factors beyond the interest rate, such as processing fees, loan transfer charges, and bank terms. Some banks, like Canara Bank and Punjab & Sind Bank, are waiving processing fees, which can further reduce your loan costs.
Don’t miss out on this opportunity to own your dream home. Review the list above to find the best home loan option for your needs and budget. Remember to also consider the bank’s terms and conditions before finalizing your decision. Happy home buying!