IDBI Bank – Page 2

DIPAM rubbishes media reports of IDBI Bank disinvestment deferment

18/03/2023
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The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction […]

SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale

16/01/2023
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Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the […]

Government likely to get financial bids for IDBI Bank sale by September, DIPAM Secy says

12/01/2023
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Financial bids for IDBI Bank’s strategic sale is expected to be received by the government in September, said DIPAM Secretary Tuhin Kanta Pandey. Several global […]

IDBI Bank divestment process to complete in FY24: DIPAM Secy

10/01/2023
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The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey […]

Potential bidders seek tax benefits on IDBI’s losses

22/12/2022
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Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case […]

Banks write off loans worth Rs 11.17 lakh crore in last 6 years

21/12/2022
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Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed […]

BFSI

India plans tax waivers for IDBI Bank buyer

20/12/2022
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The Indian government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a […]

BFSI

Govt extends deadline for IDBI Bank sale bid submission till January 7

15/12/2022
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The government has extended the deadline for IDBI Bank privatisation till January 7. The government had invited bids for its sale in October. The government […]