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.
2017-03-21 :Government swaps chief executives of IDBI Bank, Indian Bank
Mahesh Kumar Jain, MD and CEO of Indian Bank have been appointed as MD and CEO of IDBI Bank. Mahesh Kumar Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IBDI Bank added.
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