2017-06-03 :IDBI Bank to sell Rs. 5,000 crore of non-core assets
IDBI Bank has announced that it will sell Rs. 5,000 crore of its non-core assets. The bank has decided to take this move after RBI has invoked prompt corrective action (PCA) against it over rising non-performing assets (NPAs) and negative return on assets (RoAs). Simultaneously, the bank is also planning to achieve strong growth in its retail and priority sector lendings.
2017-05-26 :IDBI Bank crafts turnaround strategy with focus on raising capital and NPA recovery
IDBI Bank has set out a turnaround plan with a focus on raising additional capital and recovering its non-performing assets. Simultaneously, it is also planning to restrict its growth in corporate loan book and continue its focus on increasing retail and priority sector lendings. With this move, the bank will be able to improve its financial position by re-balancing its loan portfolio.
2017-05-13 :RBI initiates prompt corrective actions against IDBI Bank over bad loans
Reserve Bank of India (RBI) has initiated a "prompt corrective action" (PCA) against IDBI Bank after evaluating its high non-performing assets (NPAs) and negative return on assets (RoAs). The action taken by RBI will help in improving the financial health of the bank by reducing its stressed assets and bad loans.
2017-05-11 :IDBI Bank reduces MCLR by up to 0.25 per cent
IDBI Bank has reduced its marginal cost of lending (MCLR) rate by up to 0.25 per cent following the footsteps of SBI which announced a rate cut on home loans. Banks expect the reduction in its MCLR to translate into better loan volumes for the bank.
2017-04-13 :All India strike deferred by the IDBI Bank
One of the leading Government owned financial services company, IDBI Bank has deferred its all India strike after attending the meeting with Deputy Chief Labour Commissioner where some changes have been finalized and advised to the management. The strike which was supposed to be happen on 12th April, 2017 has now been cancelled after the talk between the Union.
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