Latest News on IDBI Bank
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.
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