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Mutual-Funds

LIC-owned IDBI Bank to sell mutual fund business

IDBI Bank Ltd has initiated the process of selling its mutual fund business, Mint reported. “IDBI Bank has appointed ICICI Securities Ltd to advise it...
IDBI Bank

IDBI Bank officers’ association to observe one day strike over being...

IDBI Bank on Tuesday said that its all-India Officers’ Association will go for a one day  hunger strike across India over the issue of...

RBI categorizes IDBI Bank as “private Sector Lender” with effect from...

The Reserve Bank of India (RBI) on Thursday (14/03/19) categorized the IDBI Bank as the 'Private Sector lender" after the acquisition lender by Life...

NBCC bids for acquiring bankrupt Jaypee Infratech

National Building Construction Corporation (NBCC) bids to acquire the bankruptcy ridden Jaypee Infratech of Jaypee Group. The real estate company which has been going...
Delhi-High-Court

Delhi HC rejects plea against order on LIC’s 51% stake acquisition...

On Friday, the Delhi High Court rejected a plea against the order of its single judge on the acquisition move of Life Insurance Corporation...

Government banks in search of new talent; Might hire 100,000 to...

Public Sector Banks (PSBs), such as the State Bank of India, Canara Bank, Bank of Baroda and Syndicate Bank, are planning to recruit about...
Rakesh-Sharma

Rakesh Sharma to be new CEO of IDBI bank for next...

The Union Government chose senior banker Rakesh Sharma as the new Managing Director and Chief Executive officer for IDBI Bank. As per the government's instructions,...

IDBI’s share jump 0.4% post LIC-IDBI deal

IDBI's share witnessed a dramatic rise in the intra-day trade today post LIC's approval to buy a 51% stake in the bank. The IDBI bank...
IDBI Bank

Contract staff calls for the strike at IDBI Bank on 16...

IDBI Bank has decided to rusticate their outsourced employees. To intervene in this matter the Employee Federation has announced for the strike.