IDBI, in a filing to the stock exchanges, said the action "will not have any material impact" on its performance and expected it to help improve its internal controls and performance. It did not give details of the corrective action. IDBI is …
IDBI Bank shareholders in July approved raising as much as 80 billion rupees through fund-raising methods that could include a mix of a rights issue, preferential stock offering and an institutional share placement.
MUMBAI, Oct 31 (Reuters) - India's state-run IDBI Bank Ltd is betting on slowing the pace of additional bad loans, improving operating profit and selling non-core assets to help turn around its fortunes after reporting its fourth-straight …
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The stock market has given a thumbs down to the government’s decision to make Kishor Karat, managing director and chief executive officer of Indian Bank with the stock of the Chennai-based lender plunging 4.6% on the BSE on Monday. …
IDBI shares rose about 1 percent on Thursday. The stock had dropped nearly 22 percent this month as of Wednesday's close after reporting a wider net quarterly loss and after the central bank initiated "corrective action" to help the lender …
Following the news, the IDBI stock closed at Rs 72 on Friday, up 3.08 percent since its previous close. Similarly, the Axis Bank shares closed at Rs 533.35 apiece, up 0.45 percent from its previous close on the Bombay Stock Exchange. The …
State-run IDBI Bank has chosen Citigroup, Credit Suisse Group AG and Deutsche ... In July, shareholders of the bank approved raising about Rs 80 billion via rights issue, preferential stock and institutional share placement method. IDBI