IDBI Bank Ltd. News and Updates

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IDBI Bank Ltd.

08 Feb 2025

83.70

-0.33%

IDBI FIRST Bank, Ikonz launch Amitabh Bachchan's AI avatar in 5 more cities

Business Line

Hyderabad-based Ikonz Studios partnered with IDFC FIRST Bank to bring Amitabh Bachchan's AI avatar as the face of all banking communication at their Juhu Branch in Mumbai last year

IDBI Bank Ltd. is trading above all available SMAs

IDBI Bank Ltd.

07 Feb 2025

83.70

-0.33%

NCC Q3 Results Review: IDBI Capital Downgrades Rating To 'Hold', Revises Target Price Here's Why

NDTV Profit

IDBI Capital downgrades rating to Hold, revises the target price to Rs 268, valued at 13 times FY27E earnings per share.

IDBI Bank Ltd. is trading above all available SMAs

IDBI Bank Ltd.

05 Feb 2025

83.70

-0.33%

IDBI Bank could increase rates on non-callable deposits post LCR norms

Business Standard

According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor

IDBI Bank Ltd. is trading above all available SMAs

IDBI Bank Ltd.

27 Jan 2025

83.70

-0.33%

Shriram Finance Gets 'Buy' From IDBI Capital After Q3 Results, Sees 38% Upside Here's Why

NDTV Profit

The brokerage expects RoA to sustain above 3% post-merger with stable asset quality.

IDBI Bank Ltd. is trading above all available SMAs

IDBI Bank Ltd.

26 Jan 2025

83.70

-0.33%

NCLAT sets aside penalty on lenders for delay in Mudra Denim insolvency

Business Standard

The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process. The Mumbai bench of the National Company Law Tribunal had, on November 11 last year, while deciding creditors' plea seeking extension of deadline to complete the insolvency process, imposed a cost of Rs 55,000 on the Committee of Creditors (COC). This was challenged before NCLAT by COC through IDBI Bank, contending that there was not any laxity on the part of COC which decided to take Mudra Denim for liquidation on December 13, 2023, prior to the expiry of the CIRP (Corporate Insolvency Resolution Process) period. All facts could not be brought to the notice since the COC was not appearing before the NCLT, hence the imposition of cost was uncalled for, the lenders submitted. Also, the company's resolution professional said that e-voting on the appointment of the liquidator was...