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Latest news about IDBI Bank

IDBI Bank Sale Expected by December, Pending Inter-Ministerial Group Approval 1 day ago Yesterday

IDBI Bank's ownership change is progressing, with the sale potentially concluding by December, subject to inter-ministerial group approval. The bank recently declared a dividend of Rs. 2.10 per equity share and addressed corporate governance matters in its AGM, including director reappointments and approval of related party transactions with LIC entities. The sale represents a significant step in the government's divestment strategy and could have broader implications for India's banking sector.

IDBI Bank Reports 16.8% Surge in Q1 Net Profit, Asset Quality Shows Mixed Results 4 days ago

IDBI Bank to Unveil Q1FY26 Financial Results on July 21 6 days ago

IDBI Bank Stake Sale: Anticipated Conclusion by October Jul 10, 2025

Indian Government Aims to Finalize IDBI Bank Stake Sale by October Jul 10, 2025

More news about IDBI Bank

09Jul 25

Indian Government Aims to Divest IDBI Bank Stake by October, Plans OFS for Five PSU Banks

The Indian government plans to complete the sale of its stake in IDBI Bank by October this year, as part of its divestment goals in the banking sector. This move is part of a broader strategy to reduce government presence in non-strategic sectors. Additionally, five public sector banks have been approved for Offer for Sale (OFS) transactions, and public sector banks are projected to raise ₹45,000 crore through Qualified Institutional Placements (QIPs) this fiscal year.

07Jul 25

Government Panel to Finalize IDBI Bank's Strategic Disinvestment Draft

An inter-ministerial group is set to meet to finalize the draft Share Purchase Agreement for IDBI Bank's strategic disinvestment. The government and LIC plan to divest a 60.72% stake while retaining a combined 34% ownership. Financial bids from shortlisted buyers are expected before September end, with the process targeted for completion in FY26. This marks a significant step in the government's disinvestment strategy for public sector enterprises.

07Jul 25

IDBI Bank Reports Robust Growth in Deposits and Advances

IDBI Bank has announced significant growth in its financial metrics. Total deposits increased by 7% year-on-year as of June end, while provisional net advances grew by 9% compared to the same period last year. The bank's total assets rose by 13.22% to Rs 411,661.00 crore, investments increased by 2.20% to Rs 117,467.50 crore, and shareholder's capital grew by 20.79% to Rs 60,251.00 crore. Current assets saw a substantial increase of 38.73% to Rs 57,631.80 crore.

04Jul 25

IDBI Bank Reports Robust Growth in Deposits and Advances

IDBI Bank announced a 7% year-over-year increase in total deposits and a 9% rise in provisional net advances as of June 30. The bank's balance sheet shows a 13.22% growth in total assets to 411,661.00 crore rupees, with current assets increasing by 38.73%. Investments grew by 2.20%, while shareholders' capital rose by 20.79% to 60,251.00 crore rupees.

04Jul 25

IDBI Bank: Q1 Business Grows 8%, Disinvestment Process on Track

IDBI Bank has shown significant growth in Q1, with total business up 8% YoY to ₹5.08 lakh crore. Total deposits increased by 7% to ₹2.96 lakh crore, while net advances grew 9% to ₹2.12 lakh crore. CASA deposits rose 5% to ₹1.34 lakh crore. The government's disinvestment process for IDBI Bank is in its final phase, with the stake sale targeted to conclude by March 2026.

30Jun 25

IDBI Bank Disinvestment Enters Final Phase, Government Targets FY26 Completion

The Indian government has entered the final stage of IDBI Bank's disinvestment process, aiming to conclude by March 2026. The Share Purchase Agreement has been approved by an Inter-Ministerial Group, with financial bids expected by September. Three bidders remain in contention, and the government anticipates raising Rs 40,000-50,000 crore from the sale. IDBI Bank shares jumped nearly 5% following the announcement. A confidential reserve price will be set, and a core group of secretaries will review the plans soon.

30May 25

Emirates NBD Emerges as Frontrunner for IDBI Bank Stake Acquisition

Emirates NBD is reportedly leading the race to acquire a stake in IDBI Bank, as per a Moneycontrol report. The Department of Investment and Public Asset Management (DIPAM) has been discussing valuations with potential bidders. This aligns with the Indian government's disinvestment strategy for public sector banks. The potential entry of Emirates NBD into the Indian market could have significant implications for the banking sector. Details about the stake size and valuation remain undisclosed. The process is ongoing, and market observers await official announcements and regulatory approvals.

13May 25

IDBI Bank Sells 21.14% Stake in PIPDIC to Puducherry Government for ₹188.3 Million

IDBI Bank has divested its 21.14% stake in the Puducherry Industrial Promotion Development and Investment Corporation (PIPDIC) to the Government of Puducherry for ₹188.30 million. This strategic move aligns with IDBI Bank's efforts to streamline its investment portfolio. While the transaction's financial impact is relatively small compared to the bank's overall assets, it reflects IDBI's commitment to optimizing its asset allocation. Recent financial data shows IDBI Bank's total assets increased by 9.89% to ₹363,190.00 crore, and investments grew by 15.29% to ₹114,933.90 crore compared to the previous year.

05May 25

IDBI Bank Stake Sale: Government Sets 2025 End Target

The Indian government has confirmed its plan to complete the divestment of its stake in IDBI Bank by the end of 2025. M Nagaraju, Secretary of the Department of Financial Services, announced the timeline for this significant banking sector divestment initiative. The stake sale, once finalized, could potentially lead to changes in IDBI Bank's management and strategic direction.

28Apr 25

IDBI Bank: Q4 Profit Surges 25%, Dividend Announced

IDBI Bank announced its Q4 FY2023 results, reporting a 25.2% year-on-year increase in consolidated net profit to ₹2,072.00 crore. The bank's performance was marked by stable interest income and a significant jump in other income. Asset quality improved with GNPA ratio decreasing to 2.98% and NNPA ratio reducing to 0.15%. The bank maintained a strong Capital Adequacy Ratio of 25.05% and improved Return on Assets to 2.11%. The Board recommended a dividend of ₹2.10 per equity share for FY2023.

26Apr 25

IDBI Bank to Announce Q4 and FY25 Results, Consider Dividend on April 28

IDBI Bank Ltd will release its Q4 and FY2025 financial results on April 28, 2025. The board meeting will also consider dividend recommendations. A trading window closure for designated persons is in effect from April 1 to April 30, 2025, to prevent insider trading.

23Apr 25

IDBI Bank Board to Meet for Q4 Results and Dividend Decision

IDBI Bank Ltd. has announced a board meeting for April 28, 2025, to review and approve Q4 and FY2025 audited financial results and consider dividend distribution. The bank has implemented a trading window closure for designated persons until April 30, 2025, in compliance with SEBI regulations.

09Apr 25

IDBI Bank Stake Sale Progresses as Government Pushes Disinvestment Plans

The Indian government is progressing with its plan to sell its stake in IDBI Bank as part of its disinvestment strategy for public sector banks. Simultaneously, IDBI Bank has issued a postal ballot notice to shareholders for voting on special business matters. The e-voting period is set from April 9 to May 8, 2025, with results to be declared by May 10, 2025. The bank has appointed KFin Technologies Limited to manage the remote e-voting process and has named scrutinizers to ensure a fair voting procedure.

03Apr 25

IDBI Bank Reports Robust 13% Growth in Total Business for Q4 FY25

IDBI Bank's Q4 FY25 business update shows significant growth across key metrics. Total business increased by 13% YoY to ₹5,28,714.00 crore. Total deposits grew by 11.75% to ₹3,10,293.00 crore, while net advances rose by 15.8% to ₹2,18,421.00 crore. CASA deposits increased by 3.18% to ₹1,44,478.00 crore. The bank also promoted three executives to Executive Director positions, effective April 1, 2025.

21Mar 25

IDBI Bank Faces ₹36.3 Lakh RBI Penalty for FEMA Violation

IDBI Bank has been penalized ₹36.30 lakh by the Reserve Bank of India for violating Foreign Exchange Management Act regulations. The bank failed to conduct proper due diligence on 363 inward remittances from a foreign currency account between June 2016 and January 2023. IDBI Bank disclosed the penalty to stock exchanges as per SEBI regulations, stating it won't impact their financial operations.

10Mar 25

IDBI Bank Privatisation: Government Aims to Seal Deal by First Half of FY26

The Indian government is advancing the privatization of IDBI Bank, planning to finalize the share purchase agreement this month. Financial bids from prospective buyers will be invited soon. The sale involves a combined 60.72% stake from the government (30.48%) and LIC (30.24%). The privatization process is expected to complete by H1FY26. Due diligence has been completed and data-related issues resolved, marking significant progress in the divestment process.

03Mar 25

IDBI Bank Secures £114 Million Victory in London Court Against Ex-Aircel Promoter

A London court has ruled in favor of IDBI Bank, ordering Chinnakannan Sivasankaran's Siva Industries to pay $143.7 million (₹1,250 crore) for a defaulted loan. The court rejected Siva Industries' argument that a letter of comfort doesn't impose the same liability as a corporate guarantee. While this verdict strengthens IDBI Bank's position internationally, enforcing the judgment in India may face challenges despite the UK being a reciprocating territory for legal matters.