IDBI News - Jan 2021
- 2020-07-28 : IDBI Bank reported Q1 net profit of ₹144 crore
IDBI Bank reported Rs 144 crore net profit for June quarter on account of a reversal of Rs 1335 crore of bad loan provisioning. It is IDBI second successive net profit after 13 consecutive quarters of loss. CASA increased to ₹ 1,04,315 crore and cost of deposit which includes fixed and recurring deposits improved by 64 bps to 4.65%. In addition to this, NII bolstered by home, personal, gold, car and two-wheeler loan along with business and mudra loans stood at ₹ 1,773 crores. - 2020-02-12 : IDBI Bank reported a Q3 profit before tax of Rs. 756 crores
Private sector lender IDBI Bank posted a Q3 profit before tax of Rs. 756 crores. It was driven by an increase in Net Interest Income and a slump in provisions by loans. Further, the Bank Fixed and recurring deposits grew to Rs. 2,18,180 crores and the share of saving and current accounts rose to 47.65%. - 2019-10-17 : IDBI Bank revised FD rates
With effect from October 16, 2019, IDBI Bank revised its interest rates on fixed deposits. The revised rate for a period of 7-14 days is 3.50%, for 15-30 days the rate is 4.50%, the rate for 31-45 days is 4.75%, for 46-90 days the rate is 5.50%, the rate for 91 days to six months is 5.60%, from six months to 270 days it is 5.90%, and for 271 days to less than 1 year the revised FD rate is 6.00%. For longer tenure of 1-2 years, the rate is 6.50%, for 2-10 years, the rate is 6.30%, and the revised FD rate for 10-20 years is 6.00%. - 2019-10-03 : IDBI Bank revised its fixed deposit rates
IDBI Bank revised its fixed deposit rates with effect from October 1, 2019. Revised rate of interest for 7-14 days is 3.50%, for 15-30 days it is 4.50%, for 31-45 days is 4.75%, the rate for 46-90 days is 5.50%, for 91 days to 6 months it is 5.75%, for 6 months - 270 days it is 6.10%, for 271 days - 1 year the rate is 6.15%, and for 1 year the rate is 6.65%. For large tenures of more than one to less than two years the rate is 6.55%, for two years to five years the rate is 6.50%, the rate for 5 years is 6.40%, for five to ten years the revised rate is 6.35%, and for ten to twenty years it is 6.00%. - 2019-09-25 : IDBI Bank revised interest rates on Fixed Deposits
With effect from September 19, 2019, IDBI Bank has revised its charges on Fixed Deposits less than Rs 2 crores. For a period of 7-14 days, the interest rate is 3.50%; for 15-45 days it is 5.00%; the rate for 46-60 days is 5.60%; for 61-90 days it is 5.50%; for 91 days-6 months the revised rate is 5.75%, and for 6 months-1 years the rate is 6.25%. For large tenure of 1 year, the rate is revised to 6.80%; the rate for 1-2 year is 6.655; for 2-3 years the rate is 6.70%; the rate for 3-5 years is 6.60%; for five years interest rate is 6.50%, and for 5-10 years the rate is 6.35%.
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