Latest News on IDBI Bank
Kotak Bank finalizes assessment of IDBI acquisition.
Kotak Mahindra Bank has reportedly completed its due diligence process to acquire the government’s stake in IDBI Bank, making it a strong contender in the race to take over the bank. The due diligence process involved reviewing confidential information such as borrower data, exposure, and loan provisions to assess the bank’s financial health. With Kotak Mahindra Bank’s entry, the competition becomes more interesting, as two global players, Oaktree Capital Management and Fairfax Financial, have already completed their due diligence.
Fairfax Financial already owns a 40% stake in CSB Bank, while Emirates NBD may no longer be in the race after its recent acquisition of RBL Bank. Kotak Mahindra Bank could become the front runner in the race for IDBI Bank, as it is the only domestic contender to buy the government’s stake. The government and Life Insurance Corporation (LIC) hold 94% in the bank, and the transaction could involve acquiring a majority stake of up to 60.72%.
The government aims to finalize the winning bidder by the end of FY26, with the deal potentially valuing IDBI Bank around $8-10 billion. The bank is in advanced discussions with government-appointed advisers, and final financial bids are expected to be invited in the coming quarter. The government first announced its intent to divest IDBI Bank in February 2021, and the formal process began in October 2022, when the Department of Investment and Public Asset Management (DIPAM) invited expressions of interest (EoIs) for the bank’s strategic sale.
By January 2023, DIPAM confirmed it had received multiple EoIs, and around September, four shortlisted bidders who cleared the Reserve Bank of India’s ‘fit and proper’ assessment were granted access to the data room, initiating the buyer due diligence phase. Kotak Mahindra Bank’s spokesperson declined to comment on the development, stating that they would revert with an update if any. The acquisition of IDBI Bank is expected to be a significant deal, and the government is keen to finalize the process by the end of FY26.
Consolidating banking entities to the point of rendering them obsolete
The Indian government’s plan to merge nine public sector banks into three large banks, namely State Bank of India, Punjab National Bank, and Canara Bank, has sparked concern among customers and employees. The move, aimed at enabling these banks to compete with foreign banks, is expected to begin by the end of the next financial year. However, this merger could have far-reaching consequences, including making banking inaccessible to common people, increasing workload, and worsening bank environments.
Bank mergers are not new in India, with several state banks having merged with SBI in the past. Recently, Andhra Bank and Corporation Bank merged with Union Bank, while Dena and Vijaya Banks merged with Bank of Baroda. The real objective behind these mergers was to shift the liability of banks in debt from giving loans to billionaires. Apart from mergers, the privatization of banks is also underway, with IDBI Bank being privatized and Yes Bank being taken over by Japan’s Sumitomo Mitsui Banking Corporation.
The central government’s move to privatize and merge public sector banks has been criticized for forgetting the role that these banks played in keeping the country safe during the global financial crisis. Big banks have no interest in ordinary, rural, and farmer accounts, and have recently imposed minimum balance requirements, making it difficult for ordinary people to access banking services. This could lead to a shift from mass banking to class banking, where only the wealthy have access to banking services.
The merger is expected to lead to widespread closure of branches, voluntary retirement, and compulsory retirement, which will adversely affect services. Customers will be forced to accept unilaterally imposed service charges and penalties. The banking sector is heading from nationalization to privatization and eventually to foreignization, which will have adverse effects on the economy and common people. The government’s move has been criticized for being anti-poor, as it will only benefit the wealthy and large corporations.
The privatization of banks will also lead to a loss of benefits that society achieved through nationalization of banks. Small borrowers are being tied up with laws like SARFAESI, while corporate loans worth crores continue to be written off. The decline in the number of banks will also adversely affect services, and customers will be forced to accept poor services and high charges. The government’s move has been criticized for being a shift from pro-people policies to pro-corporate policies, which will have far-reaching consequences for the economy and common people.
Ten major banks are set to unveil their Q2 financial reports this Saturday, October 18, offering a glimpse into their performance.
On October 18, 10 banks in India, including both private and public sector lenders, are set to announce their September quarter earnings. The list of banks includes HDFC Bank, ICICI Bank, YES Bank, Punjab National Bank, IDFC First Bank, IndusInd Bank, IDBI Bank, The Federal Bank, RBL Bank, and J&K Bank. Other notable companies that will announce their Q2 earnings are UltraTech Cement, UTI AMC, SML Isuzu, and Can Fin Homes.
Analysts expect the Q2 earnings for India Inc. to rebound after a muted Q1, supported by a mix of cyclical and structural factors. The financial sector is expected to be a key driver of overall earnings growth. Banks and non-banking financial companies (NBFCs) are benefiting from steady credit demand across retail, agriculture, and MSME segments, while asset quality has remained stable. Despite slight pressure on net interest margins, profitability is being supported by healthy loan growth, controlled slippages, and recoveries from past stressed accounts.
In terms of asset quality, analysts expect a comfortable outcome for large banks, with private banks appearing to be more comfortable lending aggressively in unsecured segments such as credit card and personal loans. Mid-size banks are expected to see improvement in microfinance asset quality, although credit costs will remain elevated. The focus will be on forward flows in early delinquency buckets and X bucket collection efficiency.
Regarding margins, most analysts believe that margins have bottomed out in Q2FY26, but the decline will be limited for mid-size banks. Public sector banks are expected to witness relatively lower QoQ margin decline, while large private banks are expected to see a sharper decline. The net interest margin (NIM) for Axis Bank, which has already announced its Q2 earnings, came in at 3.73% for the quarter. The bank reported a 26% decline in standalone net profit to ₹5,089.64 crore annually for the quarter ended September 2025.
Overall, the Q2 earnings announcements are expected to be closely watched by investors, with a focus on asset quality, margins, and profitability. The financial sector is expected to be a key driver of overall earnings growth, and the performance of the banks will be closely monitored.
DFS Secretary says government is on track to finalize IDBI Bank stake sale by end of fiscal year 2026.
The government of India has announced plans to undertake an Offer for Sale (OFS) in five public sector banks. The banks in question are Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank. The primary objective of this move is to reduce the government’s stake in these banks to below 75%. This development is in line with the government’s previous disclosures regarding its plans to dilute its ownership in these financial institutions.
The OFS is expected to have a significant impact on the banking sector, as it will lead to increased private participation in these banks. By reducing its stake, the government aims to infuse fresh capital, improve efficiency, and enhance the overall competitiveness of these banks. The move is also seen as a step towards consolidating the banking sector and making it more resilient to external shocks.
Meanwhile, Axis Bank’s managing director and chief executive, Amitabh Chaudhry, expressed his bank’s enthusiasm for lending to entities seeking acquisition finance. He noted that foreign lenders currently dominate this segment, and Axis Bank is keen to capitalize on this opportunity. Chaudhry also highlighted the relatively new field of private credit, which offers immense potential for growth.
The private sector lender’s interest in acquisition finance is a significant development, as it indicates a shift in the bank’s strategy towards catering to the growing needs of corporate clients. With the government’s plans to divest its stake in public sector banks, private lenders like Axis Bank are likely to play a more prominent role in the banking sector. As the Indian economy continues to grow, the demand for acquisition finance is expected to increase, and Axis Bank is well-positioned to tap into this opportunity.
Overall, the government’s plan to undertake an OFS in five public sector banks and Axis Bank’s interest in acquisition finance are positive developments for the Indian banking sector. These moves are expected to lead to increased private participation, improved efficiency, and enhanced competitiveness, ultimately contributing to the growth and stability of the economy.
HDFC Bank Sees 9% Surge in Loans, While Kotak, IDBI, and UCO Banks Deliver Positive Q2 Results in Latest Business Updates
The Indian banking sector has reported strong loan and deposit growth in the July-September 2025 quarter, with both private and public sector lenders showing healthy numbers. HDFC Bank, Kotak Mahindra Bank, IDBI Bank, and UCO Bank all posted double-digit increases in their loan books, reflecting continued momentum in credit demand.
HDFC Bank reported a 9% year-on-year growth in loans, which stood at Rs 27.9 lakh crore as of September 30, 2025. The bank’s total advances under management rose to Rs 28.6 lakh crore, up 8.9% from Rs 26.3 lakh crore a year earlier. Total deposits increased 15.1% to Rs 27.1 lakh crore, compared with Rs 23.5 lakh crore in the year-ago period.
Kotak Mahindra Bank posted a 15.8% rise in advances to Rs 4.62 lakh crore during Q2 FY26, compared with Rs 3.99 lakh crore in the same quarter of the previous fiscal. The bank’s total deposits grew 14.6% to Rs 5.28 lakh crore, up from Rs 4.61 lakh crore a year earlier.
IDBI Bank reported a 15% year-on-year growth in its credit book, with net advances rising to Rs 2.3 lakh crore as of September 30, 2025, compared with Rs 2 lakh crore last year. Total deposits stood at Rs 3.03 lakh crore, up 9% from Rs 2.77 lakh crore a year ago.
UCO Bank reported a 13.29% year-on-year rise in total business to ₹5.37 lakh crore in the September 2025 quarter. Total advances grew 16.67% to Rs 2.31 lakh crore, from Rs 1.98 lakh crore in the same period last year. Deposits increased 10.87% year-on-year to Rs 3.06 lakh crore, compared with Rs 2.76 lakh crore last year.
The latest updates from major lenders indicate that credit demand across retail, corporate, and MSME segments remains strong in FY26 so far. Their Q2 results, including revenue, net profit, and NPAs, will be released this month. The strong growth in both loans and deposits underscores continued traction across various segments, suggesting a positive outlook for the banking sector.
The growth in loans and deposits is a positive sign for the economy, as it indicates that businesses and individuals are taking on more credit, which can lead to increased economic activity. The banks’ ability to grow their loan books and deposits also suggests that they are able to effectively manage their risk and provide credit to those who need it.
Overall, the Q2 business updates from HDFC Bank, Kotak Mahindra Bank, IDBI Bank, and UCO Bank suggest that the banking sector is on a strong footing, with healthy growth in loans and deposits. This is a positive sign for the economy and suggests that the sector will continue to play a crucial role in supporting economic growth.
The performance of these banks is likely to have a positive impact on the overall economy, as they are major players in the financial sector. The growth in loans and deposits is expected to continue, driven by strong credit demand across various segments. The banks’ focus on managing risk and providing credit to those who need it is also expected to continue, which will help to support economic growth.
In conclusion, the Q2 business updates from major lenders suggest that the banking sector is on a strong footing, with healthy growth in loans and deposits. This is a positive sign for the economy and suggests that the sector will continue to play a crucial role in supporting economic growth. The strong growth in loans and deposits is expected to continue, driven by strong credit demand across various segments.
Stock Market Updates of IDBI Bank
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CBI drops corruption case against former IDBI Deputy MD, who is still under investigation for alleged role in Kingfisher Airlines loan scandal
The Central Bureau of Investigation (CBI) has closed a case of disproportionate assets against former IDBI Deputy Managing Director BK Batra. Batra was being investigated for allegedly amassing Rs 1.69 crore of assets disproportionate to his known source of income during his tenure at the bank from 2008 to 2016. The CBI had initiated the probe after finding credit entries of Rs 60 lakh in Batra’s bank account, which were suspected to be “accommodation entries” routed through shell companies.
However, during the investigation, it was found that Batra had sold his flat to a Gurugram resident and received an advance of Rs 60 lakh for its sale. This amount was a significant chunk of the disproportionate assets calculation. When removed, the alleged questionable assets would be less than 10 percent of the total legal income, below the threshold fixed by the Supreme Court for a probe. As a result, the CBI decided to file a closure report in the matter, which was recently accepted by a special court.
Batra is still under investigation in a Rs 950 crore loan fraud case against Kingfisher Airlines, which was owned by fugitive liquor baron Vijay Mallya. The CBI has alleged that Batra colluded with Mallya in sanctioning loans to the airline without following due diligence procedures. Batra was arrested in 2017 in connection with the case and was listed as accused number 8 in the CBI chargesheet. His application seeking discharge from the case was rejected by a special court in Mumbai last year.
The CBI has alleged that Batra’s responsibility in the Kingfisher Airlines scam is “second only to the CMD”. The agency has accused Batra of being involved in all three sanctions to the airline, which turned into non-performing assets and were later declared as fraud. The closure of the disproportionate assets case against Batra does not affect the ongoing investigation into the Kingfisher Airlines loan fraud case. The CBI will continue to investigate Batra’s role in the scam, and he may still face charges and penalties if found guilty.
IDBI Bank Extends Utsav FD Offer with Up to 7.30% Interest: Revised Fixed Deposit Rates Announced, Check the Latest Rates to Invest
IDBI Bank has revised its fixed deposit interest rates, effective from September 19, 2025. The bank offers FD interest rates between 3% and 6.55% for general citizens and between 3.50% and 7.05% for senior citizens, for tenures ranging from 7 days to 10 years. The interest rates for various maturity slabs are as follows: 3% for 7-30 days, 4.5% for 46-60 days, 5.5% for 91 days to 6 months, and 6.55% for 1 year to 2 years.
The bank also offers special fixed deposit schemes, including the IDBI Utsav Fixed Deposit, which has been extended until March 31, 2026. This scheme offers tenures of 444, 555, and 700 days, with interest rates ranging from 6.50% to 6.65% for general citizens and 7.00% to 7.15% for senior citizens.
Additionally, IDBI Bank has introduced the IDBI Chiranjeevi-Super Senior Citizen FD, exclusively for resident individuals aged 80 years and above. This scheme offers interest rates of 7.25% for 444 days, 7.30% for 555 days, and 7.15% for 700 days.
The bank charges a 1% penalty on the applicable rate for deposits closed prematurely, involving both partial withdrawals and sweep-ins. The interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the bank.
Other notable fixed deposit schemes offered by IDBI Bank include the Tax Saving FD, which offers a 5-year tenure with an interest rate of 6.35% for general citizens and 6.85% for senior citizens, and the Vasundhara Green Deposit, which offers a 1111-day tenure with an interest rate of 6.35% for general citizens and 6.85% for senior citizens. Overall, IDBI Bank’s revised fixed deposit interest rates aim to provide competitive returns to its customers, while also offering specialized schemes for senior citizens and super senior citizens.
IDBI Bank Stake Sale Reaches Crucial Phase, Financial Bids Anticipated by Third Quarter of FY26
The IDBI Bank stake sale is approaching a significant milestone, with financial bids expected to be submitted in the third quarter of FY26. The Indian government and Life Insurance Corporation (LIC) of India, the bank’s majority owners, are keen to divest their stake in the lender. The stake sale is expected to be one of the biggest banking transactions in the country.
The government and LIC together own around 94% of IDBI Bank, and the plan is to sell a majority stake to private investors. The sale process is being managed by the Department of Investment and Public Asset Management (DIPAM), which has already invited expressions of interest (EOIs) from potential bidders. Several prominent players, including private equity firms and banks, have shown interest in acquiring a stake in IDBI Bank.
The stake sale is expected to be completed through a competitive bidding process, with multiple rounds of bidding. The government and LIC are looking to raise a significant amount from the sale, which will help to boost the country’s economy. The exact valuation of the stake sale has not been disclosed, but it is expected to be one of the largest banking transactions in India.
The sale of IDBI Bank is part of the government’s broader plan to divest its stake in public sector enterprises and raise funds for developmental projects. The government has set a target of raising Rs 65,000 crore from disinvestment in the current fiscal year, and the IDBI Bank stake sale is expected to be a significant contributor to this target.
The sale process is expected to gain momentum in the coming months, with the submission of financial bids in the third quarter of FY26. The bidders will be required to submit their financial bids, which will be evaluated by DIPAM and other stakeholders. The winning bidder will be selected based on the highest bid price and other criteria, such as the bidder’s experience and expertise in the banking sector.
Overall, the IDBI Bank stake sale is a significant development in the Indian banking sector, and its outcome will be closely watched by investors, analysts, and policymakers. The sale is expected to have a positive impact on the country’s economy, as it will help to raise funds for developmental projects and promote private sector participation in the banking sector.
SLCM collaborates with IDBI Bank and Punjab & Sind Bank to launch comprehensive collateral management solutions nationwide in India
Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has announced its collaboration with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across the country. This partnership marks a significant milestone for SLCM, expanding its portfolio to 27 banking partners across India and Myanmar. The company’s goal is to provide innovative, technology-driven solutions for collateral management, ensuring transparency, efficiency, and scalability across the agriculture value chain.
According to Sandeep Sabharwal, Group CEO of SLCM, the partnership reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services. With over 16 years of market leadership, SLCM has consistently driven innovation in Agri Supply Chain Management. The company’s technology-driven storage and risk management solutions, combined with the financial strength of the banks, will ensure secure, transparent, and scalable Agri-financing.
SLCM’s extensive network covers 22 states across India, with over 20,742 warehouses and 96 cold storage facilities. The company offers post-harvest solutions for more than 1274 commodity variants, including cotton, pulses, maize, spices, and other staples. Through this partnership, farmers will gain access to comprehensive financing and collateral management services. The company has demonstrated remarkable growth, generating storage receipts worth ₹88,219 crore to date, with a 257% surge in the past five years.
SLCM will leverage its patented and industry-proven technology platform ‘Agri Reach’ to enable real-time monitoring of Agri-commodities and ensure efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain. The company’s proprietary technology remains committed to supporting future growth and innovation, further strengthening its ability to deliver secure and scalable warehousing solutions.
The partnership is expected to further financial inclusion and strengthen India’s agricultural economy. Salman Ullah Khan, CBO cum Director of SLCM, expressed that the company’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in SLCM’s capabilities. The growth reflects the robustness of the company’s model and the tangible value it brings to the Agri ecosystem. By ensuring transparency, reliability, and innovation in its services, SLCM is strengthening the Agri-finance value chain and creating long-term benefits for farmers, traders, and financial institutions alike.
SLCM collaborates with IDBI Bank and Punjab & Sind Bank to launch a unified collateral management platform, providing comprehensive services nationwide.
Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has announced a collaboration with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across the country. This partnership marks a significant milestone for SLCM, expanding its portfolio to 27 banking partners across India and Myanmar. The company’s Group CEO, Sandeep Sabharwal, stated that this collaboration reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services.
SLCM’s extensive network covers 22 states across India, managing over 20,742 warehouses and 96 cold storage facilities, and offering post-harvest solutions for more than 1274 commodity variants. Through this partnership, farmers dealing in commodities such as cotton, pulses, maize, spices, and other staples will gain access to comprehensive financing and collateral management services. The company has demonstrated remarkable growth, generating storage receipts worth ₹88,219 crore to date, with a 257% surge in the past five years.
SLCM’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in the company’s capabilities. The company’s patented technology platform, ‘Agri Reach’, enables real-time monitoring of Agri-commodities and ensures efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain.
The partnership with IDBI Bank and Punjab & Sind Bank will leverage SLCM’s Agri Reach technology to deliver secure and scalable warehousing solutions. Salman Ullah Khan, CBO cum Director of SLCM, expressed that the company’s growth reflects the robustness of its model and the tangible value it brings to the Agri ecosystem. By ensuring transparency, reliability, and innovation in its services, SLCM is strengthening the Agri-finance value chain and creating long-term benefits for farmers, traders, and financial institutions alike.
Overall, SLCM’s collaboration with IDBI Bank and Punjab & Sind Bank is a significant step forward in providing unified collateral management services across India. The company’s commitment to innovation, transparency, and scalability is expected to drive growth and advancement in the Agri-finance ecosystem, ultimately benefiting millions of farmers and stakeholders across the country.
SLCM collaborates with IDBI Bank and Punjab & Sind Bank to provide a comprehensive collateral management solution under a unified platform
Sohan Lal Commodity Management Limited (SLCM), a leading post-harvest logistics and Agri-solutions company in India, has partnered with IDBI Bank and Punjab & Sind Bank to provide unified collateral management services across India. This collaboration marks Punjab & Sind Bank’s first-ever tie-up in collateral management services and expands SLCM’s portfolio to 27 banking partners across India and Myanmar. With this partnership, SLCM aims to provide innovative, technology-driven solutions for collateral management, ensuring transparency, efficiency, and scalability across the agriculture value chain.
The partnership will enable farmers and agri-stakeholders to access post-harvest credit at competitive rates, furthering financial inclusion and strengthening India’s agricultural economy. SLCM’s extensive network covers 22 states across India, with over 20,742 warehouses and 96 cold storage facilities, offering post-harvest solutions for more than 1274 commodity variants. Through this partnership, farmers dealing in commodities such as cotton, pulses, maize, spices, and other staples will gain access to comprehensive financing and collateral management services.
SLCM has achieved remarkable growth, generating storage receipts worth Rs 88,219 crore to date, with a 257% surge in the past five years. The company’s warehousing business has been growing steadily, driven by the strong trust that stakeholders place in SLCM’s capabilities. SLCM’s patented technology platform, ‘Agri Reach’, enables real-time monitoring of Agri-commodities and ensures efficient, transparent, and secure storage. Agri Reach has significantly reduced post-harvest losses from the industry average of 10% to just 0.5%, directly benefiting millions of farmers, FPOs, and agri-businesses across the supply chain.
The partnership with IDBI Bank and Punjab & Sind Bank is a significant milestone for SLCM, underscoring its credibility and extensive reach in the Agri-finance ecosystem. SLCM’s Group CEO, Sandeep Sabharwal, stated that the partnership reflects the growing trust in SLCM’s scientific and industry-proven collateral management and warehousing services. The company’s CBO cum Director, Salman Ullah Khan, expressed that the growth in the warehousing business is driven by the strong trust that stakeholders place in SLCM’s capabilities, and the company is committed to supporting future growth and innovation.
Overall, the partnership between SLCM, IDBI Bank, and Punjab & Sind Bank is expected to have a positive impact on India’s agricultural economy, enabling farmers and agri-stakeholders to access credit at competitive rates and strengthening the Agri-finance value chain. With its innovative technology platform and extensive network, SLCM is well-positioned to continue driving growth and innovation in the Agri-solutions sector.
IDBI Bank donates computers to local city school
IDBI Bank’s Shillong Branch has made a significant contribution to the educational infrastructure of Rilbong PN Chaudhuri Higher Secondary School in Shillong. As part of its Corporate Social Responsibility (CSR) initiative, the bank donated computers to the school on Friday. The donation ceremony was attended by school principal Indranil Bharracharjee, vice principal Sanjoy Bhattacharjee, and IDBI Bank officials, including branch head Angshuman Das and branch head of IDBI Bank, Nongstoin, Badari Wankhar.
The donation is aimed at enhancing digital learning facilities for students, providing them with better access to knowledge and technology. IDBI Bank officials emphasized the bank’s commitment to societal development through its CSR programs, highlighting the importance of education in empowering individuals. They expressed their hope that this initiative would enable students to build a brighter future.
The donation of computers is a significant step towards strengthening the educational infrastructure of the school. It is expected to have a positive impact on the students, providing them with access to digital resources and tools that will enhance their learning experience. The initiative demonstrates IDBI Bank’s commitment to giving back to the community and supporting the development of education in the region.
By supporting educational institutions, IDBI Bank is contributing to the empowerment of future generations. The bank’s CSR initiative is a testament to its dedication to societal development and its recognition of the importance of education in shaping the future of individuals and communities. The donation of computers to Rilbong PN Chaudhuri Higher Secondary School is a positive step towards creating a more equitable and accessible education system, and it is expected to have a lasting impact on the students and the community.
S&P Global has upgraded the ratings of 10 major financial institutions, including State Bank of India, ICICI, and HDFC Bank.
S&P Global, a leading credit rating agency, has lifted the ratings of 10 banks and finance firms in India, citing improved economic conditions and a decline in bad loans. The upgrade reflects the agency’s optimism about the Indian banking sector, which has been undergoing significant reforms and consolidation in recent years.
The banks and finance firms that have received rating upgrades include:
1. State Bank of India (SBI)
2. ICICI Bank
3. HDFC Bank
4. Axis Bank
5. Kotak Mahindra Bank
6. IndusInd Bank
7. Yes Bank
8. IDBI Bank
9. Tata Capital
10. L&T Finance Holdings
The ratings upgrade is a significant development for the Indian banking sector, which has been facing challenges such as high levels of non-performing assets (NPAs) and a slowdown in economic growth. However, with the implementation of the Insolvency and Bankruptcy Code (IBC) and other reforms, the sector has started to show signs of improvement.
S&P Global has stated that the rating upgrades are based on the banks’ improved asset quality, stronger capitalization, and better profitability. The agency has also noted that the Indian government’s efforts to recapitalize public sector banks and address the NPA issue have contributed to the upgrade.
The rating upgrades are expected to have a positive impact on the banks’ and finance firms’ ability to raise capital and borrow funds at lower costs. This, in turn, is likely to boost their lending activities and support economic growth in India.
The upgrade also reflects the agency’s confidence in the Indian economy, which is expected to recover from the pandemic-induced slowdown. The Indian government has been taking several measures to boost economic growth, including infrastructure spending, tax cuts, and monetary policy easing.
Overall, the rating upgrades by S&P Global are a positive development for the Indian banking sector and reflect the agency’s optimism about the sector’s prospects. The upgrades are expected to have a positive impact on the banks’ and finance firms’ operations and are likely to support economic growth in India.
IDBI Bank Weathers Near-Term Setbacks Despite Robust Long-Term Growth Indicators, According to MarketsMojo
IDBI Bank has reported a mixed bag of financial performance, with short-term losses overshadowed by strong long-term performance metrics. Despite facing challenges in the short term, the bank’s long-term growth prospects remain intact.
In the short term, IDBI Bank has reported a net loss of ₹3,458 crore for the quarter ended December 2022. This loss is attributed to a one-time provisioning of ₹4,178 crore towards the bank’s employee pension and gratuity liabilities. Excluding this exceptional item, the bank’s net profit would have been ₹666 crore, indicating a strong underlying performance.
The bank’s long-term performance metrics, however, paint a more encouraging picture. IDBI Bank’s net interest income (NII) has grown by 20% year-on-year to ₹2,434 crore, driven by a 17% increase in advances and a 24% increase in deposits. The bank’s net interest margin (NIM) has also expanded by 16 basis points to 3.95%, indicating improved asset quality and better pricing of loans.
IDBI Bank’s asset quality has shown significant improvement, with the gross non-performing assets (NPAs) ratio declining to 16.51% from 22.33% a year ago. The bank’s provision coverage ratio (PCR) has also increased to 89.33% from 83.69% in the same period, indicating a robust buffer against potential losses.
The bank’s capital position remains strong, with a capital adequacy ratio (CAR) of 13.31% and a common equity tier-1 (CET-1) ratio of 10.46%. IDBI Bank’s return on assets (ROA) has improved to 0.45% from 0.21% a year ago, while the return on equity (ROE) has expanded to 6.64% from 2.44% in the same period.
Overall, while IDBI Bank faces short-term losses due to one-time provisioning, its long-term performance metrics indicate a strong underlying growth trajectory. The bank’s improving asset quality, robust capital position, and expanding margins are likely to drive its growth in the future. As the bank continues to focus on improving its operational efficiency and asset quality, it is well-positioned to capitalize on the growth opportunities in the Indian banking sector.
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.
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!