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India's IDBI Bank hits 12-month low on report government considering offer-for-sale
** Shares of IDBI Bank IDBI.NS fall about 7% to 67.95 rupees, lowest level since March 4, 2025
** Government may consider stake sale via offer-for-sale to increase public shareholding in IDBI Bank after attempt to divest stake fell through earlier this month - PTI report, quoting sources
** IDBI, government officials did not immediately respond to a Reuters request for comment
** YTD, IDBI down about 34%
(Reporting by Abhirami G in Bengaluru)
** Shares of IDBI Bank IDBI.NS fall about 7% to 67.95 rupees, lowest level since March 4, 2025
** Government may consider stake sale via offer-for-sale to increase public shareholding in IDBI Bank after attempt to divest stake fell through earlier this month - PTI report, quoting sources
** IDBI, government officials did not immediately respond to a Reuters request for comment
** YTD, IDBI down about 34%
(Reporting by Abhirami G in Bengaluru)
IDBI Bank Gets Penalty Of 55 Million Rupees
March 20 (Reuters) - IDBI Bank Ltd IDBI.NS:
PENALTY OF 55 MILLION RUPEES IMPOSED ON IDBI BANK
Source text: ID:nBSEbMSLlS
Further company coverage: IDBI.NS
(([email protected];))
March 20 (Reuters) - IDBI Bank Ltd IDBI.NS:
PENALTY OF 55 MILLION RUPEES IMPOSED ON IDBI BANK
Source text: ID:nBSEbMSLlS
Further company coverage: IDBI.NS
(([email protected];))
India's privatisation drive derails because of weak investor interest
Weak buyer interest stalls privatisation of firms identified in 2021 plan
Shipping Corp review finds bidder eligibility issues; fresh process or merger proposed
Investors exit HLL Lifecare sale process, government considers splitting assets
By Nikunj Ohri and Sarita Chaganti Singh
NEW DELHI, March 18 (Reuters) - India is considering shelving three planned privatisation sales amid weak investor appetite, two government sources said, a slump that has already derailed its attempt to sell a stake in IDBI Bank and is a fresh blow to the government's flagship divestment programme.
The privatisation plan, delayed for years, is now facing fresh setbacks that include dwindling interest in state‑run firms such as Shipping Corporation of India SCI.NS and HLL Lifecare, besides the collapse of the IDBI Bank IDBI.NS stake sale last week after bids fell short of the government's minimum price.
India's finance, shipping and health ministries and the companies did not respond to Reuters' queries.
Prime Minister Narendra Modi's ambitious privatisation plan was aimed at having the state exit most sectors while remaining only in sensitive ones such as telecom and banking.
But the government could only sell Air India to Tata Sons, and indirect holdings in steel-maker Neelachal Ispat Nigam Ltd to Tata Steel TISC.NS, and Ferro Scrap Nigam to Konoike Transport Co 9025.T.
The initial delays to the plan came from bureaucratic red tape and political pushback after Modi failed to secure a full majority in 2024 elections and had to rely on regional allies to form the government.
DWINDLING BUYER INTEREST
India had invited bids to privatise Shipping Corporation in 2020 and received interest from multiple bidders, but a later review found the shortlisted bidders were ineligible to acquire the firm, the two government sources said.
The divestment department has since proposed scrapping the sale and either restarting the process, or exploring a merger with Container Corporation of India CCRI.NS to integrate the logistics chain, the sources said.
The government had also targeted privatising Container Corporation of India in 2021-22 but never launched the sale.
Another state-run firm, HLL Lifecare, was put on the block in 2021 and financial bids were invited for the sale. However, interested bidders declined to move ahead with the process and sought changes in the sale offer terms, both the sources said, without giving details.
The government is however yet to take a final call on shelving the current stake sale plans in these three state-run companies, one of the two sources said.
The details of the sales processes of these three state-run firms have not been previously reported.
Operational inefficiencies, unclear asset transfers and high government pricing expectations, coupled with limited incentives, are keeping investor interest weak and stalling privatisation, said Ankur Wahal, director at professional services firm En Pointe Adwisers.
HIGHER VALUATION
IDBI Bank's scrapped sale derailed what was seen as a model for future bank privatisations, after a high reserve price and Middle East‑related geopolitical uncertainty curbed investor interest, an industry source said.
Also, the lack of protection for liabilities such as pension and gratuity dues further deterred investors.
The failed sale will likely hit divestment receipts for the next financial year, starting April 1, Wahal said. India has targeted 800 billion rupees ($8.66 billion), in asset monetisation and divestments, with a significant portion earlier expected from IDBI Bank.
This comes as the Middle East crisis threatens to raise India's oil import bill, adding pressure through higher inflation and a wider current account deficit.
"The government's privatisation plan has hit a wall," said N.R. Bhanumurthy, director at the Madras School of Economics. Potential bidders will be interested in acquiring state-run companies if valuations are attractive, he said.
($1 = 92.3760 Indian rupees)
(Reporting by Nikunj Ohri & Sarita Chaganti Singh in New Delhi; Additional reporting by Gopika Gopakumar in Mumbai and Raju Gopalakrishnan)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
Weak buyer interest stalls privatisation of firms identified in 2021 plan
Shipping Corp review finds bidder eligibility issues; fresh process or merger proposed
Investors exit HLL Lifecare sale process, government considers splitting assets
By Nikunj Ohri and Sarita Chaganti Singh
NEW DELHI, March 18 (Reuters) - India is considering shelving three planned privatisation sales amid weak investor appetite, two government sources said, a slump that has already derailed its attempt to sell a stake in IDBI Bank and is a fresh blow to the government's flagship divestment programme.
The privatisation plan, delayed for years, is now facing fresh setbacks that include dwindling interest in state‑run firms such as Shipping Corporation of India SCI.NS and HLL Lifecare, besides the collapse of the IDBI Bank IDBI.NS stake sale last week after bids fell short of the government's minimum price.
India's finance, shipping and health ministries and the companies did not respond to Reuters' queries.
Prime Minister Narendra Modi's ambitious privatisation plan was aimed at having the state exit most sectors while remaining only in sensitive ones such as telecom and banking.
But the government could only sell Air India to Tata Sons, and indirect holdings in steel-maker Neelachal Ispat Nigam Ltd to Tata Steel TISC.NS, and Ferro Scrap Nigam to Konoike Transport Co 9025.T.
The initial delays to the plan came from bureaucratic red tape and political pushback after Modi failed to secure a full majority in 2024 elections and had to rely on regional allies to form the government.
DWINDLING BUYER INTEREST
India had invited bids to privatise Shipping Corporation in 2020 and received interest from multiple bidders, but a later review found the shortlisted bidders were ineligible to acquire the firm, the two government sources said.
The divestment department has since proposed scrapping the sale and either restarting the process, or exploring a merger with Container Corporation of India CCRI.NS to integrate the logistics chain, the sources said.
The government had also targeted privatising Container Corporation of India in 2021-22 but never launched the sale.
Another state-run firm, HLL Lifecare, was put on the block in 2021 and financial bids were invited for the sale. However, interested bidders declined to move ahead with the process and sought changes in the sale offer terms, both the sources said, without giving details.
The government is however yet to take a final call on shelving the current stake sale plans in these three state-run companies, one of the two sources said.
The details of the sales processes of these three state-run firms have not been previously reported.
Operational inefficiencies, unclear asset transfers and high government pricing expectations, coupled with limited incentives, are keeping investor interest weak and stalling privatisation, said Ankur Wahal, director at professional services firm En Pointe Adwisers.
HIGHER VALUATION
IDBI Bank's scrapped sale derailed what was seen as a model for future bank privatisations, after a high reserve price and Middle East‑related geopolitical uncertainty curbed investor interest, an industry source said.
Also, the lack of protection for liabilities such as pension and gratuity dues further deterred investors.
The failed sale will likely hit divestment receipts for the next financial year, starting April 1, Wahal said. India has targeted 800 billion rupees ($8.66 billion), in asset monetisation and divestments, with a significant portion earlier expected from IDBI Bank.
This comes as the Middle East crisis threatens to raise India's oil import bill, adding pressure through higher inflation and a wider current account deficit.
"The government's privatisation plan has hit a wall," said N.R. Bhanumurthy, director at the Madras School of Economics. Potential bidders will be interested in acquiring state-run companies if valuations are attractive, he said.
($1 = 92.3760 Indian rupees)
(Reporting by Nikunj Ohri & Sarita Chaganti Singh in New Delhi; Additional reporting by Gopika Gopakumar in Mumbai and Raju Gopalakrishnan)
(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))
IDBI Bank Says Not Received Any Communication From Government About Scrapping Of Bidding Process Of Disinvestment
March 16 (Reuters) - IDBI Bank Ltd IDBI.NS:
IDBI BANK - NOT RECEIVED ANY COMMUNICATION FROM GOVERNMENT WITH RESPECT TO SCRAPPING OF SAID PROCESS OF STRATEGIC DISINVESTMENT OF BANK
Source text: [ID:]
Further company coverage: IDBI.NS
(([email protected];;))
March 16 (Reuters) - IDBI Bank Ltd IDBI.NS:
IDBI BANK - NOT RECEIVED ANY COMMUNICATION FROM GOVERNMENT WITH RESPECT TO SCRAPPING OF SAID PROCESS OF STRATEGIC DISINVESTMENT OF BANK
Source text: [ID:]
Further company coverage: IDBI.NS
(([email protected];;))
India to scrap bids for majority stake in IDBI Bank, Bloomberg News reports
March 13 (Reuters) - India is set to shelve the bids it received for a majority stake in IDBI Bank IDBI.NS, as the amounts were below the minimum price sought, Bloomberg News reported on Friday, citing people with knowledge of the matter.
Reuters could not immediately verify the report.
(Reporting by Anna Peverieri in Barcelona; Editing by Louise Heavens)
(([email protected];))
March 13 (Reuters) - India is set to shelve the bids it received for a majority stake in IDBI Bank IDBI.NS, as the amounts were below the minimum price sought, Bloomberg News reported on Friday, citing people with knowledge of the matter.
Reuters could not immediately verify the report.
(Reporting by Anna Peverieri in Barcelona; Editing by Louise Heavens)
(([email protected];))
BREAKINGVIEWS-New Delhi has weak hand in bank deal frenzy
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, March 9 (Reuters Breakingviews) - A dealmaking boom in India's banking sector has an unlikely loser: the government. Canadian insurance holding firm Fairfax Financial FFH.TO leads the race to buy a 61% stake from Indian state entities in $13 billion IDBI Bank IDBI.NS, Bloomberg reported in February, citing sources. An $8 billion transaction would be the largest-ever foreign direct investment in a local bank. But crystallising a premium valuation looks challenging.
A deal would complete a full circle for the lender hardest hit by an asset quality crisis: in 2018, bad loans comprised nearly one-third of its portfolio. Provisions for that sour pool eroded its capital base and prompted New Delhi, which then owned 86% of IDBI, to press state-backed Life Insurance Corporation LIFI.NS to pump in 216 billion rupees, or $2.4 billion at current rates, to raise its 8% stake to 51% in 2019.
LIC now holds 49% of IDBI's shares and the government owns 45%. Selling a 30% stake to Fairfax at the latest market price would fetch the insurer a 136% return on its 2019 investment. New Delhi would be worse off, though: the lender's shares trade lower than they did 13 years ago.
Yet even current multiples may be difficult to fetch. IDBI's shares are trading at about 2 times forward book value, almost twice that of similar-sized rivals Yes Bank YESB.NS and IDFC First Bank IDFB.NS. Throwing in employee liabilities, restructuring costs and the likely absence of indemnity clauses gives the buyer a strong case for a discount.
An abundance of takeover targets has hurt New Delhi, too. Launched in 2022, the slow-moving sale process of IDBI prompted early potential bidders to look elsewhere: last year Sumitomo Mitsui Banking Corporation 8316.T bought a 24% stake in Yes Bank.
With Emirates NBD ENBD.DU still in the reckoning with Fairfax, it's a two-horse race to own IDBI. Both bidders already have a foothold in India's credit market: the Dubai-headquartered lender is set to take control of the $2 billion RBL Bank RATB.NS and Fairfax owns $675 million CSB Bank CSBB.NS.
That chips away at any shred of bargaining power left with the sellers, who can hardly demand a control premium. Regulations cap voting rights of private bank shareholders at 26%. That puts the new owner effectively at par on voting decisions with LIC and the government, which will hold a combined 34% after the sale. To maximise takings, officials could ask the central bank to relax the voting rule. The other option is to reduce their total stake to well below 26%.
Otherwise, New Delhi risks catching the weak end of India's banking M&A wave.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
Fairfax Financial Holdings is the frontrunner to buy a majority stake in IDBI Bank, Bloomberg reported on February 27, citing unnamed people familiar with the matter.
Valuing the 61% stake that the government and the Life Insurance Corporation of India hold in IDBI at the current market price of about $8 billion could make it the biggest foreign direct investment in the country's banking sector, the report added.
IDBI's shares are worth less than they were 13 years ago https://www.reuters.com/graphics/BRV-BRV/gkplkwarovb/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, March 9 (Reuters Breakingviews) - A dealmaking boom in India's banking sector has an unlikely loser: the government. Canadian insurance holding firm Fairfax Financial FFH.TO leads the race to buy a 61% stake from Indian state entities in $13 billion IDBI Bank IDBI.NS, Bloomberg reported in February, citing sources. An $8 billion transaction would be the largest-ever foreign direct investment in a local bank. But crystallising a premium valuation looks challenging.
A deal would complete a full circle for the lender hardest hit by an asset quality crisis: in 2018, bad loans comprised nearly one-third of its portfolio. Provisions for that sour pool eroded its capital base and prompted New Delhi, which then owned 86% of IDBI, to press state-backed Life Insurance Corporation LIFI.NS to pump in 216 billion rupees, or $2.4 billion at current rates, to raise its 8% stake to 51% in 2019.
LIC now holds 49% of IDBI's shares and the government owns 45%. Selling a 30% stake to Fairfax at the latest market price would fetch the insurer a 136% return on its 2019 investment. New Delhi would be worse off, though: the lender's shares trade lower than they did 13 years ago.
Yet even current multiples may be difficult to fetch. IDBI's shares are trading at about 2 times forward book value, almost twice that of similar-sized rivals Yes Bank YESB.NS and IDFC First Bank IDFB.NS. Throwing in employee liabilities, restructuring costs and the likely absence of indemnity clauses gives the buyer a strong case for a discount.
An abundance of takeover targets has hurt New Delhi, too. Launched in 2022, the slow-moving sale process of IDBI prompted early potential bidders to look elsewhere: last year Sumitomo Mitsui Banking Corporation 8316.T bought a 24% stake in Yes Bank.
With Emirates NBD ENBD.DU still in the reckoning with Fairfax, it's a two-horse race to own IDBI. Both bidders already have a foothold in India's credit market: the Dubai-headquartered lender is set to take control of the $2 billion RBL Bank RATB.NS and Fairfax owns $675 million CSB Bank CSBB.NS.
That chips away at any shred of bargaining power left with the sellers, who can hardly demand a control premium. Regulations cap voting rights of private bank shareholders at 26%. That puts the new owner effectively at par on voting decisions with LIC and the government, which will hold a combined 34% after the sale. To maximise takings, officials could ask the central bank to relax the voting rule. The other option is to reduce their total stake to well below 26%.
Otherwise, New Delhi risks catching the weak end of India's banking M&A wave.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
Fairfax Financial Holdings is the frontrunner to buy a majority stake in IDBI Bank, Bloomberg reported on February 27, citing unnamed people familiar with the matter.
Valuing the 61% stake that the government and the Life Insurance Corporation of India hold in IDBI at the current market price of about $8 billion could make it the biggest foreign direct investment in the country's banking sector, the report added.
IDBI's shares are worth less than they were 13 years ago https://www.reuters.com/graphics/BRV-BRV/gkplkwarovb/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
MEDIA-Fairfax said to lead race for $8 billion IDBI Bank stake sale - Bloomberg News
-- Source link: https://tinyurl.com/5f8977v7
-- Note: Reuters has not verified this story and does not vouch for its accuracy
-- Source link: https://tinyurl.com/5f8977v7
-- Note: Reuters has not verified this story and does not vouch for its accuracy
IDBI Bank Receives Notice Of Strike On February 12, 2026
Feb 10 (Reuters) - IDBI Bank Ltd IDBI.NS:
IDBI BANK LTD - RECEIVES NOTICE OF STRIKE ON FEBRUARY 12, 2026
Source text: ID:nBSE4HyZ3Z
Further company coverage: IDBI.NS
(([email protected];))
Feb 10 (Reuters) - IDBI Bank Ltd IDBI.NS:
IDBI BANK LTD - RECEIVES NOTICE OF STRIKE ON FEBRUARY 12, 2026
Source text: ID:nBSE4HyZ3Z
Further company coverage: IDBI.NS
(([email protected];))
India gets bids for IDBI Bank stake sale, lender's shares drop
** India's IDBI Bank IDBI.NS shares drop 2% in early trade
** India's divestment secretary said on Friday it got bids for a stake sale in the lender without disclosing details
** Reuters reported on Friday citing sources Kotak Mahindra Bank KTKM.NS among firms in fray to bid for IDBI Bank stake
** KTKM, in an exchange filing on Saturday, denied participation in the sale
** KTKM shares up 1% on the day
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** India's IDBI Bank IDBI.NS shares drop 2% in early trade
** India's divestment secretary said on Friday it got bids for a stake sale in the lender without disclosing details
** Reuters reported on Friday citing sources Kotak Mahindra Bank KTKM.NS among firms in fray to bid for IDBI Bank stake
** KTKM, in an exchange filing on Saturday, denied participation in the sale
** KTKM shares up 1% on the day
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
India's Kotak Mahindra Bank says it has not submitted bid for IDBI Bank
Adds details from government spokesperson and holdings from paragraph 3
Feb 7 (Reuters) - India's Kotak Mahindra Bank KTKM.NS said in an exchange filing on Saturday that it has not submitted a financial bid for IDBI Bank IDBI.NS.
Reuters on Friday reported that the private lender was one of the bidders for the state-owned bank.
The government has received bids for the bank, Divestment Secretary Arunish Chawla said on Friday, without disclosing details.
The Indian government and state-owned Life Insurance Corporation of India (LIC) (LIFI.NS) together plan to sell 60.7% of the lender as part of a broader government privatisation programme. The government owns 45.48% of IDBI Bank, while LIC holds 49.24%.
(Reporting by Sai Ishwarbharath B; Editing by Sam Holmes)
Adds details from government spokesperson and holdings from paragraph 3
Feb 7 (Reuters) - India's Kotak Mahindra Bank KTKM.NS said in an exchange filing on Saturday that it has not submitted a financial bid for IDBI Bank IDBI.NS.
Reuters on Friday reported that the private lender was one of the bidders for the state-owned bank.
The government has received bids for the bank, Divestment Secretary Arunish Chawla said on Friday, without disclosing details.
The Indian government and state-owned Life Insurance Corporation of India (LIC) (LIFI.NS) together plan to sell 60.7% of the lender as part of a broader government privatisation programme. The government owns 45.48% of IDBI Bank, while LIC holds 49.24%.
(Reporting by Sai Ishwarbharath B; Editing by Sam Holmes)
India Divestment Secy Indian Government Receives Financial Bids For Idbi Bank Stake Sale
IDBI Bank Ltd IDBI.NS:
INDIA DIVESTMENT SECY: INDIAN GOVERNMENT RECEIVES FINANCIAL BIDS FOR IDBI BANK STAKE SALE
Source text: [ID:]
Further company coverage: IDBI.NS
IDBI Bank Ltd IDBI.NS:
INDIA DIVESTMENT SECY: INDIAN GOVERNMENT RECEIVES FINANCIAL BIDS FOR IDBI BANK STAKE SALE
Source text: [ID:]
Further company coverage: IDBI.NS
India holding talks to raise FDI in state-run banks to 49%, finance official says
Adds details from paragraph 2-9
By Nikunj Ohri
NEW DELHI, Feb 2 (Reuters) - The Indian government is holding inter-ministerial consultations to raise the limit on foreign direct investment in state-run banks to 49% from 20%, India's financial services secretary M Nagaraju told reporters on Monday.
Foreign interest in India's banking industry is on the rise as evidenced for instance by Dubai-based Emirates NBD's ENBD.DU $3 billion purchase of a 60% stake in private RBL Bank RATB.NS.
Currently, India allows 74% foreign investment in private banks but limits shareholdings of any single foreign institution to 15% unless the Reserve Bank of India grants an exemption.
The Asian nation plans to more than double current limits of direct foreign investment in state-run banks, Nagaraju said. Raising the foreign ownership limit will help them gain more capital in the coming years, Reuters reported last year.
Separately, India's state-run banks will launch qualified institutional placement (QIP) of shares worth about 500 billion rupees ($5.46 billion) in the fiscal 2026-27 year (April-March), more than the planned 450 billion rupees in the current fiscal year, Nagaraju said.
He was speaking to reporters in New Delhi a day after Finance Minister Nirmala Sitharaman presented the nation's annual budget .
New Delhi may also launch an offer next year to sell a portion of its stake in the insurance behemoth Life Insurance Corporation LIFI.NS, he added.
The Indian government will also get financial bids for IDBI Bank IDBI.NS this month, Nagaraju said.
The government, which owns 45.48% in IDBI Bank, and state-owned LIC which holds 49.24%, together plan to sell 60.7% of the lender. IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.
($1 = 91.6350 Indian rupees)
(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Sonali Paul and Raju Gopalakrishnan)
(([email protected];))
Adds details from paragraph 2-9
By Nikunj Ohri
NEW DELHI, Feb 2 (Reuters) - The Indian government is holding inter-ministerial consultations to raise the limit on foreign direct investment in state-run banks to 49% from 20%, India's financial services secretary M Nagaraju told reporters on Monday.
Foreign interest in India's banking industry is on the rise as evidenced for instance by Dubai-based Emirates NBD's ENBD.DU $3 billion purchase of a 60% stake in private RBL Bank RATB.NS.
Currently, India allows 74% foreign investment in private banks but limits shareholdings of any single foreign institution to 15% unless the Reserve Bank of India grants an exemption.
The Asian nation plans to more than double current limits of direct foreign investment in state-run banks, Nagaraju said. Raising the foreign ownership limit will help them gain more capital in the coming years, Reuters reported last year.
Separately, India's state-run banks will launch qualified institutional placement (QIP) of shares worth about 500 billion rupees ($5.46 billion) in the fiscal 2026-27 year (April-March), more than the planned 450 billion rupees in the current fiscal year, Nagaraju said.
He was speaking to reporters in New Delhi a day after Finance Minister Nirmala Sitharaman presented the nation's annual budget .
New Delhi may also launch an offer next year to sell a portion of its stake in the insurance behemoth Life Insurance Corporation LIFI.NS, he added.
The Indian government will also get financial bids for IDBI Bank IDBI.NS this month, Nagaraju said.
The government, which owns 45.48% in IDBI Bank, and state-owned LIC which holds 49.24%, together plan to sell 60.7% of the lender. IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.
($1 = 91.6350 Indian rupees)
(Reporting by Nikunj Ohri; Writing by Tanvi Mehta; Editing by Sonali Paul and Raju Gopalakrishnan)
(([email protected];))
India government sets deadline for financial bids for IDBI, sources say
By Gopika Gopakumar and Nikunj Ohri
MUMBAI, Jan 30 (Reuters) - India's federal government has set a February 5 deadline for financial bids for IDBI Bank IDBI.NS as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter.
The deadline has been communicated to bidders who are eligible for bidding, suggesting that the process of disinvestment in IDBI Bank has entered its final phase.
The central bank had approved Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank KTKM.NS as eligible bidders in 2024, Reuters had previously reported. The divestment process has been underway since then, with the government trying to finalize the details of the stake sale process.
The government had earlier said that it hoped to complete the stake sale process, which began in 2022, by March 2026.
The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India LIFI.NS which holds 49.24%, together plan to sell 60.7% of the lender.
As part of the stake sale, the successful bidder will be allowed to rename the bank, a separate source familiar with the process said.
IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.
An email sent to the federal finance ministry, under which the divestment process falls, was not immediately answered.
(Reporting by Gopika Gopakumar in Mumbai and Nikunj Ohri in New Delhi; Editing by Anil D'Silva)
(([email protected]; +91-9833024892;))
By Gopika Gopakumar and Nikunj Ohri
MUMBAI, Jan 30 (Reuters) - India's federal government has set a February 5 deadline for financial bids for IDBI Bank IDBI.NS as it looks to divest a majority of its holding in the lender, according to two sources familiar with the matter.
The deadline has been communicated to bidders who are eligible for bidding, suggesting that the process of disinvestment in IDBI Bank has entered its final phase.
The central bank had approved Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank KTKM.NS as eligible bidders in 2024, Reuters had previously reported. The divestment process has been underway since then, with the government trying to finalize the details of the stake sale process.
The government had earlier said that it hoped to complete the stake sale process, which began in 2022, by March 2026.
The government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India LIFI.NS which holds 49.24%, together plan to sell 60.7% of the lender.
As part of the stake sale, the successful bidder will be allowed to rename the bank, a separate source familiar with the process said.
IDBI Bank had to be rescued by the state-owned insurer in 2019 after a surge in bad loans at the lender.
An email sent to the federal finance ministry, under which the divestment process falls, was not immediately answered.
(Reporting by Gopika Gopakumar in Mumbai and Nikunj Ohri in New Delhi; Editing by Anil D'Silva)
(([email protected]; +91-9833024892;))
India's IDBI Bank rises on media reports of govt inviting bids for stake sale
adds line on requesting comment from co
** Shares of Indian lender IDBI Bank IDBI.NS rise 2.55% to 97.89 rupees
** Govt has formally invited bids for strategic disinvestment in the bank to privatize it, business news channel NDTV Profitsays
** All key regulatory and security clearances completed, decision likely to be announced by March - report
** IDBI Bank did not immediately respond to Reuters request for comment
** Trading vols at 18.3 mln shares so far vs 30-day avg of 15.8 mln shares
** Stock up ~35% in 2025
(Reporting by Abhirami G in Bengaluru)
adds line on requesting comment from co
** Shares of Indian lender IDBI Bank IDBI.NS rise 2.55% to 97.89 rupees
** Govt has formally invited bids for strategic disinvestment in the bank to privatize it, business news channel NDTV Profitsays
** All key regulatory and security clearances completed, decision likely to be announced by March - report
** IDBI Bank did not immediately respond to Reuters request for comment
** Trading vols at 18.3 mln shares so far vs 30-day avg of 15.8 mln shares
** Stock up ~35% in 2025
(Reporting by Abhirami G in Bengaluru)
IDBI Bank Faces 3.5 Million Rupees Penalty
Dec 29 (Reuters) - IDBI Bank Ltd IDBI.NS:
FACES 3.5 MILLION RUPEES PENALTY
Source text: ID:nBSE1BVT01
Further company coverage: IDBI.NS
(([email protected];))
Dec 29 (Reuters) - IDBI Bank Ltd IDBI.NS:
FACES 3.5 MILLION RUPEES PENALTY
Source text: ID:nBSE1BVT01
Further company coverage: IDBI.NS
(([email protected];))
Emirates NBD in advanced talks for stake in India's RBL Bank, sources say
Repeats story published on Monday, with no changes to the text
By Gopika Gopakumar
Oct 13 (Reuters) - Dubai-based bank Emirates NBD ENBD.DU is in advanced talks to buy a stake in Indian private lender RBL Bank RATB.NS, two people familiar with the deal told Reuters.
The Dubai bank is looking to invest in the lender via a preferential allotment of equity and warrants, one of the people familiar with the deal said.
The initial stake purchase could go up to 25%, that person said.
Both sources declined to be identified as they are not authorised to speak to the media.
The talks were first reported by two Indian financial media outlets.
Emirates NBD declined comment while RBL Bank did not immediately respond to a Reuters request for comment.
RBL Bank has a market capitalisation of 177.28 billion Indian rupees ($2.00 billion) and is widely held by retail shareholders and fund houses, as per data from NSE. Shares on Monday closed down 0.82%.
Reuters could not determine the value of the deal or if it will be announced imminently.
The UAE's second-largest bank by total assets has been looking to expand in India and was previously in talks to pick up a stake in government-owned IDBI BankIDBI.NS.
Reuters reported in June that the Reserve Bank of India (RBI) was considering possible rule changes to allow higher foreign ownership in Indian banks, amid overseas buyers' interest and India's need for long-term capital.
Under current regulations, foreigners, including portfolio investors, can own up to 74%, but a strategic foreign investor is limited to 15%.
In May, the RBI made an exception to allow Japan's Sumitomo Mitsui Banking Corp (SMBC) to buy a 20% stake in Yes Bank. SMBC agreed to acquire a further 4.2% stake in September.
($1 = 88.6350 Indian rupees)
(Reporting by Gopika Gopakumar in Mumbai; Additional reporting by Ananta Agarwal in Bengaluru and Federico Maccioni; Editing by Tasim Zahid and Tomasz Janowski)
(([email protected];))
Repeats story published on Monday, with no changes to the text
By Gopika Gopakumar
Oct 13 (Reuters) - Dubai-based bank Emirates NBD ENBD.DU is in advanced talks to buy a stake in Indian private lender RBL Bank RATB.NS, two people familiar with the deal told Reuters.
The Dubai bank is looking to invest in the lender via a preferential allotment of equity and warrants, one of the people familiar with the deal said.
The initial stake purchase could go up to 25%, that person said.
Both sources declined to be identified as they are not authorised to speak to the media.
The talks were first reported by two Indian financial media outlets.
Emirates NBD declined comment while RBL Bank did not immediately respond to a Reuters request for comment.
RBL Bank has a market capitalisation of 177.28 billion Indian rupees ($2.00 billion) and is widely held by retail shareholders and fund houses, as per data from NSE. Shares on Monday closed down 0.82%.
Reuters could not determine the value of the deal or if it will be announced imminently.
The UAE's second-largest bank by total assets has been looking to expand in India and was previously in talks to pick up a stake in government-owned IDBI BankIDBI.NS.
Reuters reported in June that the Reserve Bank of India (RBI) was considering possible rule changes to allow higher foreign ownership in Indian banks, amid overseas buyers' interest and India's need for long-term capital.
Under current regulations, foreigners, including portfolio investors, can own up to 74%, but a strategic foreign investor is limited to 15%.
In May, the RBI made an exception to allow Japan's Sumitomo Mitsui Banking Corp (SMBC) to buy a 20% stake in Yes Bank. SMBC agreed to acquire a further 4.2% stake in September.
($1 = 88.6350 Indian rupees)
(Reporting by Gopika Gopakumar in Mumbai; Additional reporting by Ananta Agarwal in Bengaluru and Federico Maccioni; Editing by Tasim Zahid and Tomasz Janowski)
(([email protected];))
India's IDBI Bank rises as sale effort approaches late stage with Emirates NBD, Fairfax in the lead
IDBI Bank Says Receives Notice For Strike On August 11, 2025
Aug 8 (Reuters) - IDBI Bank Ltd IDBI.NS:
IDBI BANK LTD - RECEIVES NOTICE FOR STRIKE ON AUGUST 11, 2025
Source text: ID:nBSEbwfWdB
Further company coverage: IDBI.NS
(([email protected];))
Aug 8 (Reuters) - IDBI Bank Ltd IDBI.NS:
IDBI BANK LTD - RECEIVES NOTICE FOR STRIKE ON AUGUST 11, 2025
Source text: ID:nBSEbwfWdB
Further company coverage: IDBI.NS
(([email protected];))
India Divestment Secy Says Due Diligence For IDBI Bank Stake Sale Complete
Aug 1 (Reuters) -
DUE DILIGENCE FOR IDBI BANK STAKE SALE COMPLETE - INDIA DIVESTMENT SECRETARY
HOPE TO INVITE FINANCIAL BIDS FOR IDBI BANK STAKE SALE IN OCT-DEC - INDIA DIVESTMENT SECRETARY
INDIAN GOVERNMENT’S CONSULTATIONS WITH ALL QUALIFIED INTERESTED PARTIES COMPLETE- INDIA DIVESTMENT SECRETARY
SELECTION OF SUCCESSFUL BIDDER TO BE ANNOUNCED BY MARCH-END - INDIA DIVESTMENT SECRETARY
Further company coverage: IDBI.NS
(([email protected];))
Aug 1 (Reuters) -
DUE DILIGENCE FOR IDBI BANK STAKE SALE COMPLETE - INDIA DIVESTMENT SECRETARY
HOPE TO INVITE FINANCIAL BIDS FOR IDBI BANK STAKE SALE IN OCT-DEC - INDIA DIVESTMENT SECRETARY
INDIAN GOVERNMENT’S CONSULTATIONS WITH ALL QUALIFIED INTERESTED PARTIES COMPLETE- INDIA DIVESTMENT SECRETARY
SELECTION OF SUCCESSFUL BIDDER TO BE ANNOUNCED BY MARCH-END - INDIA DIVESTMENT SECRETARY
Further company coverage: IDBI.NS
(([email protected];))
NSDL's $458 million India IPO fully sold within hours of launch
Adds quote in paragraph 4, updates subscription level in paragraph 8
By Vivek Kumar M, Chandini Monnappa and Hritam Mukherjee
July 30 (Reuters) - National Securities Depository Ltd's NATS.NS $458 million IPO was fully subscribed within hours of its Wednesday launch as investors rushed to back its leading position in India's rapidly growing securities market.
The country's largest depository is drawing strong investor interest amid a retail investing boom, with demat accounts growing at a 21.9% compound annual rate since fiscal 2014 to 192.4 million by March 2025, according to its offer document.
NSDL holds around 86% of India's securities depository market, where it operates as one of two licensed players. Shares of smaller rival Central Depository Services CENA.NS have surged nearly twelve-fold since their 2017 debut.
"NSDL's valuation is decent compared to CDSL at ~60x. This differential could lead to some investors exiting CDSL and buying NSDL post the latter's listing," said Ambareesh Baliga, an independent market analyst.
NSDL's IPO is an offer for sale, with IDBI Bank IDBI.NS and the National Stock Exchange paring stakes to meet the 15% regulatory ownership cap for market infrastructure institutions such as depositories.
The offering, among India's largest this year, raised $137.35 million in its anchor round on Tuesday from marquee investors including Life Insurance Corporation of India LIFI.NS and U.S.-based Capital International.
Shares were allotted at the upper end of the price band of 760 rupees to 800 rupees. The issue will close on August 1.
The portions reserved for retail and non-institutional investors were fully subscribed, while qualified institutional buyers bid for 79% of the shares allotted.
Three analysts said NSDL's issue was fairly priced at 47x of fiscal year 2025 earnings.
"Given its strong market position, high entry barriers, and long-term growth tailwinds from India's digital and capital market expansion, we assign a 'subscribe' rating for long-term investors," Angel One said in a note.
($1 = 87.3470 Indian rupees)
(Reporting by Chandini Monnappa, Hritam Mukherjee and Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Adds quote in paragraph 4, updates subscription level in paragraph 8
By Vivek Kumar M, Chandini Monnappa and Hritam Mukherjee
July 30 (Reuters) - National Securities Depository Ltd's NATS.NS $458 million IPO was fully subscribed within hours of its Wednesday launch as investors rushed to back its leading position in India's rapidly growing securities market.
The country's largest depository is drawing strong investor interest amid a retail investing boom, with demat accounts growing at a 21.9% compound annual rate since fiscal 2014 to 192.4 million by March 2025, according to its offer document.
NSDL holds around 86% of India's securities depository market, where it operates as one of two licensed players. Shares of smaller rival Central Depository Services CENA.NS have surged nearly twelve-fold since their 2017 debut.
"NSDL's valuation is decent compared to CDSL at ~60x. This differential could lead to some investors exiting CDSL and buying NSDL post the latter's listing," said Ambareesh Baliga, an independent market analyst.
NSDL's IPO is an offer for sale, with IDBI Bank IDBI.NS and the National Stock Exchange paring stakes to meet the 15% regulatory ownership cap for market infrastructure institutions such as depositories.
The offering, among India's largest this year, raised $137.35 million in its anchor round on Tuesday from marquee investors including Life Insurance Corporation of India LIFI.NS and U.S.-based Capital International.
Shares were allotted at the upper end of the price band of 760 rupees to 800 rupees. The issue will close on August 1.
The portions reserved for retail and non-institutional investors were fully subscribed, while qualified institutional buyers bid for 79% of the shares allotted.
Three analysts said NSDL's issue was fairly priced at 47x of fiscal year 2025 earnings.
"Given its strong market position, high entry barriers, and long-term growth tailwinds from India's digital and capital market expansion, we assign a 'subscribe' rating for long-term investors," Angel One said in a note.
($1 = 87.3470 Indian rupees)
(Reporting by Chandini Monnappa, Hritam Mukherjee and Vivek Kumar M in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
Indian state-owned banks to raise $5.25 billion in 2025-26 via QIP, source says
July 9 (Reuters) - Indian state-owned banks will raise around 450 billion rupees ($5.25 billion) through qualified institutional placement (QIP) of shares to institutions in the financial year ended March 2026, a government source told reporters on Wednesday.
State Bank of India SBI.NS, the country's biggest lender by assets, will launch its QIP soon, the source said.
($1 = 85.6900 Indian rupees)
(Reporting by Nikunj Ohri in New Delhi; Editing by Shailesh Kuber)
(([email protected];))
July 9 (Reuters) - Indian state-owned banks will raise around 450 billion rupees ($5.25 billion) through qualified institutional placement (QIP) of shares to institutions in the financial year ended March 2026, a government source told reporters on Wednesday.
State Bank of India SBI.NS, the country's biggest lender by assets, will launch its QIP soon, the source said.
($1 = 85.6900 Indian rupees)
(Reporting by Nikunj Ohri in New Delhi; Editing by Shailesh Kuber)
(([email protected];))
IDBI Bank Receives Strike Notice For July 09, 2025
July 8 (Reuters) - IDBI Bank Ltd IDBI.NS:
RECEIVES STRIKE NOTICE FOR JULY 09, 2025
Source text: ID:nBSEbw1R5X
Further company coverage: IDBI.NS
(([email protected];;))
July 8 (Reuters) - IDBI Bank Ltd IDBI.NS:
RECEIVES STRIKE NOTICE FOR JULY 09, 2025
Source text: ID:nBSEbw1R5X
Further company coverage: IDBI.NS
(([email protected];;))
ANALYSIS-India considers easing bank ownership rules as foreign interest grows
Indian central bank reviewing ownership rules for banks
Foreign banks eager to tap India's rapid growth, trade deals
SMBC's deal for Yes Bank shows foreign interest, RBI flexibility
By Ira Dugal and Swati Bhat
MUMBAI, June 3 (Reuters) - The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India's banks, spurred by overseas institutions' eagerness for acquisitions and the fast-growing economy's need for more long-term capital.
The Reserve Bank of India last month bent its rules to let Japan's Sumitomo Mitsui Banking Corp buy a 20% stake in Yes Bank, and two foreign institutions are vying for a stake in IDBI Bank, highlighting the pressure to ease foreign ownership rules that are among the strictest of any major economy.
RBI Governor Sanjay Malhotra told the Times of India last week that the central bank was examining shareholding and licensing rules for banks as part of a broader review.
A source familiar with the central bank's thinking said it would be more open to letting regulated financial institutions own bigger stakes, with approvals on a case-by-case basis, and to certain rule changes that could address disincentives for foreign acquisitions.
Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements. Such pacts could open up new opportunities in India for global lenders elsewhere in Asia and the Middle East.
"The interest is driven by India's strong economic growth and large under-penetrated market," said Madhav Nair, deputy chairman of the Indian Banks Association.
Indian regulators, for their part, worry that India lags other large economies in mobilising banking capital, which will be vital to sustaining rapid economic growth.
Alka Anbarasu, associate managing director at Moody's Investors Service, said India will need much more capital for its banking system over the medium term.
"Whether this has prompted the regulator to consider bringing in strong international players into the banking system, it would be a good rationale for doing so," she said.
While most large global banks from Citibank to HSBC to Standard Chartered have operations in India, they are focused on the more profitable corporate and transaction banking segments, along with trading, rather than bread-and-butter lending.
The share of foreign banks in outstanding bank credit in India is less than 4%, central bank data shows.
Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%.
Foreign banks are also deterred by a maze of other regulations, including a 26% cap on voting rights and a requirement that any large shareholding by a so-called promoter - a strategic investor with direct influence over management decisions - be sold down to 26% within 15 years.
The RBI is open to giving foreign buyers more time to sell down their stake, the source familiar with the bank's thinking said. The source declined to be identified as the deliberations are confidential.
The RBI did not respond to an email seeking comment.
The source also highlighted the banking regulator's increased openness to case-by-case exemptions from the 15% ownership limit, as offered for the Yes Bank YESB.NS purchase. The $1.58 billion deal was the largest cross-border acquisition ever in India's financial sector.
Two foreign investors - Canada's Fairfax Holdings and Emirates NBD - are also contending for a 60% stake in government-owned IDBI Bank.
Emirates recently received regulatory approval to set up an Indian subsidiary, making it only the third major foreign bank to do so after Singapore's DBS and State Bank of Mauritius.
The decision was prompted by an interest to acquire a majority stake in IDBI Bank, a source familiar with the buyers' thinking said.
Emirates NBD declined to comment. Fairfax did not respond to a request for comment.
An increase in the 26% cap on voting rights, or in the 15% investment limit, could encourage foreign bank investors, ratings agency Fitch said in a note last week.
It believes the RBI's preference is for foreign banks with a strong performance and solid governance to acquire stakes larger than 26% through wholly owned subsidiaries regulated in India.
The source familiar with RBI thinking said the limit on voting rights was hard-coded in law and would need to be reviewed by the finance ministry.
On regulatory issues under the central bank's purview, the source added, the stance on foreign strategic investors may need to be adjusted, especially given domestic investors' lack of interest in running banks.
"Where the long-term capital will come from will have to be thought through," the source said.
Share of foreign banks in India is low https://reut.rs/43TVhae
(Reporting by Ira Dugal and Swati Bhat; Editing by Edmund Klamann)
(([email protected]; +91-9833024892;))
Indian central bank reviewing ownership rules for banks
Foreign banks eager to tap India's rapid growth, trade deals
SMBC's deal for Yes Bank shows foreign interest, RBI flexibility
By Ira Dugal and Swati Bhat
MUMBAI, June 3 (Reuters) - The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India's banks, spurred by overseas institutions' eagerness for acquisitions and the fast-growing economy's need for more long-term capital.
The Reserve Bank of India last month bent its rules to let Japan's Sumitomo Mitsui Banking Corp buy a 20% stake in Yes Bank, and two foreign institutions are vying for a stake in IDBI Bank, highlighting the pressure to ease foreign ownership rules that are among the strictest of any major economy.
RBI Governor Sanjay Malhotra told the Times of India last week that the central bank was examining shareholding and licensing rules for banks as part of a broader review.
A source familiar with the central bank's thinking said it would be more open to letting regulated financial institutions own bigger stakes, with approvals on a case-by-case basis, and to certain rule changes that could address disincentives for foreign acquisitions.
Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements. Such pacts could open up new opportunities in India for global lenders elsewhere in Asia and the Middle East.
"The interest is driven by India's strong economic growth and large under-penetrated market," said Madhav Nair, deputy chairman of the Indian Banks Association.
Indian regulators, for their part, worry that India lags other large economies in mobilising banking capital, which will be vital to sustaining rapid economic growth.
Alka Anbarasu, associate managing director at Moody's Investors Service, said India will need much more capital for its banking system over the medium term.
"Whether this has prompted the regulator to consider bringing in strong international players into the banking system, it would be a good rationale for doing so," she said.
While most large global banks from Citibank to HSBC to Standard Chartered have operations in India, they are focused on the more profitable corporate and transaction banking segments, along with trading, rather than bread-and-butter lending.
The share of foreign banks in outstanding bank credit in India is less than 4%, central bank data shows.
Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor's stake to 15%.
Foreign banks are also deterred by a maze of other regulations, including a 26% cap on voting rights and a requirement that any large shareholding by a so-called promoter - a strategic investor with direct influence over management decisions - be sold down to 26% within 15 years.
The RBI is open to giving foreign buyers more time to sell down their stake, the source familiar with the bank's thinking said. The source declined to be identified as the deliberations are confidential.
The RBI did not respond to an email seeking comment.
The source also highlighted the banking regulator's increased openness to case-by-case exemptions from the 15% ownership limit, as offered for the Yes Bank YESB.NS purchase. The $1.58 billion deal was the largest cross-border acquisition ever in India's financial sector.
Two foreign investors - Canada's Fairfax Holdings and Emirates NBD - are also contending for a 60% stake in government-owned IDBI Bank.
Emirates recently received regulatory approval to set up an Indian subsidiary, making it only the third major foreign bank to do so after Singapore's DBS and State Bank of Mauritius.
The decision was prompted by an interest to acquire a majority stake in IDBI Bank, a source familiar with the buyers' thinking said.
Emirates NBD declined to comment. Fairfax did not respond to a request for comment.
An increase in the 26% cap on voting rights, or in the 15% investment limit, could encourage foreign bank investors, ratings agency Fitch said in a note last week.
It believes the RBI's preference is for foreign banks with a strong performance and solid governance to acquire stakes larger than 26% through wholly owned subsidiaries regulated in India.
The source familiar with RBI thinking said the limit on voting rights was hard-coded in law and would need to be reviewed by the finance ministry.
On regulatory issues under the central bank's purview, the source added, the stance on foreign strategic investors may need to be adjusted, especially given domestic investors' lack of interest in running banks.
"Where the long-term capital will come from will have to be thought through," the source said.
Share of foreign banks in India is low https://reut.rs/43TVhae
(Reporting by Ira Dugal and Swati Bhat; Editing by Edmund Klamann)
(([email protected]; +91-9833024892;))
RBI Imposes Monetary Penalty Of 3.2 Million Rupees On IDBI Bank
May 2 (Reuters) - RESERVE BANK OF INDIA :
IMPOSED A MONETARY PENALTY OF 3.2 MILLION RUPEES ON IDBI BANK
IDBI BANK CHARGED INTEREST IN EXCESS OF APPLICABLE RATE OF INTEREST IN CERTAIN KCC ACCOUNTS
Source text: [ID:]
Further company coverage: IDBI.NS
(([email protected];))
May 2 (Reuters) - RESERVE BANK OF INDIA :
IMPOSED A MONETARY PENALTY OF 3.2 MILLION RUPEES ON IDBI BANK
IDBI BANK CHARGED INTEREST IN EXCESS OF APPLICABLE RATE OF INTEREST IN CERTAIN KCC ACCOUNTS
Source text: [ID:]
Further company coverage: IDBI.NS
(([email protected];))
IDBI Bank Recommends Dividend Of 2.10 Rupees Per Share
April 28 (Reuters) - IDBI Bank Ltd IDBI.NS:
RECOMMENDS DIVIDEND OF 2.10 RUPEES PER SHARE
Source text: ID:nBSE3d5xw5
Further company coverage: IDBI.NS
(([email protected];;))
April 28 (Reuters) - IDBI Bank Ltd IDBI.NS:
RECOMMENDS DIVIDEND OF 2.10 RUPEES PER SHARE
Source text: ID:nBSE3d5xw5
Further company coverage: IDBI.NS
(([email protected];;))
Zee Entertainment Enterprises Says NCLAT Dismisses Appeal Filed By IDBI Bank
April 7 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
NCLAT DISMISSES APPEAL FILED BY IDBI BANK
Source text: ID:nBSE2jPdFg
Further company coverage: ZEE.NS
(([email protected];;))
April 7 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:
NCLAT DISMISSES APPEAL FILED BY IDBI BANK
Source text: ID:nBSE2jPdFg
Further company coverage: ZEE.NS
(([email protected];;))
India's IDBI Bank gains as deposits, advances rise
** Shares of IDBI Bank IDBI.NS climb as much as 3.7% to 81.27 rupees; last up 2.7%
** Lender's provisional total deposits grew 12% y/y as of March 31, while net advances rose 16% y/y
** About 7 million shares traded vs 30-day avg of 5.4 million shares
** Year-to-date, stock is up 2.5%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of IDBI Bank IDBI.NS climb as much as 3.7% to 81.27 rupees; last up 2.7%
** Lender's provisional total deposits grew 12% y/y as of March 31, while net advances rose 16% y/y
** About 7 million shares traded vs 30-day avg of 5.4 million shares
** Year-to-date, stock is up 2.5%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
IDBI Bank Promotes Three Executive Directors
April 2 (Reuters) - IDBI Bank Ltd IDBI.NS:
PROMOTES THREE EXECUTIVE DIRECTORS
Source text: ID:nNSE239Xqh
Further company coverage: IDBI.NS
(([email protected];;))
April 2 (Reuters) - IDBI Bank Ltd IDBI.NS:
PROMOTES THREE EXECUTIVE DIRECTORS
Source text: ID:nNSE239Xqh
Further company coverage: IDBI.NS
(([email protected];;))
Reserve Bank Of India Imposes Monetary Penalty Of 3.6 Million Rupees On IDBI Bank
March 21 (Reuters) - IDBI Bank Ltd IDBI.NS:
RBI: RESERVE BANK OF INDIA HAS IMPOSED MONETARY PENALTY OF 3.6 MILLION RUPEES ON IDBI BANK
RBI: PENALTY ON IDBI BANK FOR NOT UNDERTAKING DUE DILIGENCE WHILE PROCESSING INWARD REMITTANCES FROM A FOREIGN CURRENCY ACCOUNT
Source text: [ID:]
Further company coverage: IDBI.NS
(([email protected];))
March 21 (Reuters) - IDBI Bank Ltd IDBI.NS:
RBI: RESERVE BANK OF INDIA HAS IMPOSED MONETARY PENALTY OF 3.6 MILLION RUPEES ON IDBI BANK
RBI: PENALTY ON IDBI BANK FOR NOT UNDERTAKING DUE DILIGENCE WHILE PROCESSING INWARD REMITTANCES FROM A FOREIGN CURRENCY ACCOUNT
Source text: [ID:]
Further company coverage: IDBI.NS
(([email protected];))
IDBI Bank Fined 1.2 Mln Rupees By Excise And Taxation Officer
Feb 18 (Reuters) - IDBI Bank Ltd IDBI.NS:
FINED 1.2 MILLION RUPEES BY EXCISE AND TAXATION OFFICER
Source text: ID:nBSE4ftBXX
Further company coverage: IDBI.NS
(([email protected];;))
Feb 18 (Reuters) - IDBI Bank Ltd IDBI.NS:
FINED 1.2 MILLION RUPEES BY EXCISE AND TAXATION OFFICER
Source text: ID:nBSE4ftBXX
Further company coverage: IDBI.NS
(([email protected];;))
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What does IDBI Bank do?
IDBI Bank provides a wide gamut of financial products and services encompassing deposits, loans, payment services and investment solutions. It is committed to understanding its customers’ needs and aims at consistently delivering relevant financial solutions and excellent customer service. The Bank provides a wide range of services on a round-the-clock basis through a wide range of digital channels such as Mobile Banking, Internet Banking, WhatsApp Banking, UPI, Debit Cards, Credit Cards, Point of Sale (PoS) terminals (both physical and digital), Internet Payment Gateway, ATMs, etc.
Who are the competitors of IDBI Bank?
IDBI Bank major competitors are Bank Of India, Indian Overseas Bank, Bank of Maharashtra, Canara Bank, CentralBank of India, UCO Bank, Indian Bank. Market Cap of IDBI Bank is ₹74,751 Crs. While the median market cap of its peers are ₹63,104 Crs.
Is IDBI Bank financially stable compared to its competitors?
IDBI Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does IDBI Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. IDBI Bank latest dividend payout ratio is 29.59% and 3yr average dividend payout ratio is 28.82%
How has IDBI Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is IDBI Bank balance sheet?
Latest balance sheet of IDBI Bank is strong, However historically the companies balance sheet has shown some weakness.
Is the profitablity of IDBI Bank improving?
Yes, profit is increasing. The profit of IDBI Bank is ₹9,296 Crs for TTM, ₹7,631 Crs for Mar 2025 and ₹5,788 Crs for Mar 2024.
Is IDBI Bank stock expensive?
IDBI Bank is not expensive. Latest PE of IDBI Bank is 8.05 while 3 year average PE is 15.94. Also latest Price to Book of IDBI Bank is 1.07 while 3yr average is 1.43.
Has the share price of IDBI Bank grown faster than its competition?
IDBI Bank has given lower returns compared to its competitors. IDBI Bank has grown at ~0.98% over the last 10yrs while peers have grown at a median rate of 5.64%
Is the promoter bullish about IDBI Bank?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in IDBI Bank is 94.71% and last quarter promoter holding is 94.71%.
Are mutual funds buying/selling IDBI Bank?
The mutual fund holding of IDBI Bank is increasing. The current mutual fund holding in IDBI Bank is 0.06% while previous quarter holding is 0.05%.