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NDA and UPA: Not all that different, after all

Similarities between NDA and UPA on some key policy issues are now becoming too stark to be ignored, says A K Bhattacharya. Illustration: Dominic Xavier/ Similarities between the......

Consumer stocks losing out to industrial ones as market corrects

Foreign investors are also getting cautious on emerging markets including India.  Consumer stocks have been the clear losers in what has been the biggest market correction in the recent times.......

How life will change for the employees of IDBI Bank

The government has asked the Indian Banks’ Association to make sure that IDBI Bank’s wages are at par with other banks. The government has asked IDBI Bank to align with other......

UB Group denies Kingfisher loans funded offshore property

State-run IDBI Bank is one of Kingfisher's more than a dozen creditor banks.  Embattled Indian tycoon Vijay Mallya's UB Group has denied allegations that it used Rs 4.3 billion ($65 million)......

Tight-fisted Jaitley offers promises to debt-ridden banks only

Rs 25,000 crore (Rs 250 billion) may be too little too less for sick PSBs; consolidation, privatisation of IDBI soon The Union Budget 2016-17 turned out to be a damp squib for banks as the public......

Banks set for lending rate action this week

SBI, IDBI Bank among a host of lenders holding asset-liability panel meets Days after the Reserve Bank of India lowered the repo rate in a surprise move, banks have set the ball rolling for a......

RBI slaps Rs 6.5 cr penalty on 6 PSU banks

The RBI on Friday imposed a fine of Rs 6.5 crore (Rs 65 million) on six public sector banks including IDBI Bank, Dena Bank and Indian Bank, for violation of customer identification or KYC norms and......
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Glimmer of hope for India, as Mallya's fate hangs in balance in UK court

The judge, during arguments, said it was “blindingly obvious” that “rules were broken by the bank” and that they had... ...
IDBI Bank Ltd gained for a third straight session today

The stock is quoting at Rs 76.8, up 4.21% on the day as on 12:54 IST on the NSE. IDBI Bank Ltd is down 0.13% in last one year as compared to a... ...
Govt to raise Rs 4.4 billion through Midhani's IPO by divesting 26% stake

State-owned Mishra Dhatu Nigam (Midhani) will be launching its Rs 4.4 billion initial public offering(IPO) next week. Through the IPO, government... ...
RBI ban on LoUs; PSU bank stocks recover after early setback

Mumbai: Well, it appeared at the start of today's session that the recovery in the banking space witnessed on Tuesday on reports that Bank of India... ...
PSU Banks rebound; IDBI Bank, OBC gain 7% from day's low

At 02:05 pm; Nifty PSU Bank, the largest gainer among sectoral indices, was up 0.55% at 2,927, bouncing back 3% from its intra-day low SI Reporter... ...

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