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MUMBAI (Reuters) – IDBI Bank aims to double lending and deposits and slash back its stock of non-performing loans, it said on Tuesday in announcing a new three-year strategic business plan. IDBI, in which the government is.
On the opening day, the prosecution case rested on the representations made and the conduct of Mr. Mallya during the loan application process The long-awaited extradition hearing of business tycoon. focussing on the IDBI Bank,
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IDBI Bank has decided to withdraw the nomination of S K Mohapatra. Jaypee Infratech has been taken over by a NCLT-appointed Insolvency Resolution.
The Central Bureau of Investigation (CBI) has served an inquiry notice on IDBI Bank over a loan of Rs 950 crore it extended to Vijay Mallya-led troubled airline Kingfisher Airlines, saying this extent of exposure was not bona fide.
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1,411 crore of business tycoon Vijay Mallya and his company United Breweries (Holding) Ltd in a case of alleged diversion of Rs 430 crore from an IDBI Bank Ltd loan to his Kingfisher Airlines Ltd to purchase properties overseas.
MUMBAI: Just a month before the now-defunct Kingfisher Airlines approached the IDBI Bank for a corporate loan of Rs 950 crore in October 2009, two UB Group companies had settled their outstanding dues and obtained ‘no dues’.
Mumbai: The quarter ended December 2017 has turned out to be one of the worst periods for state-owned banks as majority of them had reported a steep loss.
In our continuous endeavor to improve the selection process for recruitment at all levels in IDBI Bank, we have carried out an in-depth study of the competencies.
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IDBI, which is more exposed to business loans than consumer lending. loans to continue to rise for the next two to three quarters and that provisions could rise with the ageing of bad loans. IDBI Bank’s provisions for bad loans.
Just a month before the now-defunct Kingfisher Airlines approached the IDBI Bank for a corporate loan of Rs 950 crore in October 2009, two UB Group companies had settled their outstanding dues and obtained ‘no dues’ certificates.
IDBI Bank (Hindi:आई.डी.बी.आई बैंक) was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the.
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An investigation into the now-defunct Kingfisher Airlines Ltd has found that the airline and its chairman Vijay Mallya allegedly routed overseas over Rs 400 crore out of the Rs 900 crore it obtained as loan from IDBI. told The Indian.
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He added that the bank is also exploring the possibility of venturing into two-wheeler loans. The senior IDBI Bank official emphasised that amongst public sector banks his bank has a unique model for the retail structured products.
IDBI Bank board on Monday approved the proposal for preferential issue of capital aggregating Rs 2,729 crore to the Government. This is subject to staturtory.
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The tough measures, announced by the RBI late on Monday, analysts say, although are intended to expedite resolution of piled-up bad loan accounts. Bank of.
Former MPCC chief and veteran Congress leader Ranjeet Deshmukh’s residence at Civil Lines of Bhaskar Bhavan is on the verge of auction for his inability to pay off the business loan taken from IDBI bank, sources said. According to.
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Arguing on bail matter of KFA-IDBI loan case, advocate Amit Desai said that CBI chargesheet has shown expenses as deviation and expenditure to run business as cheating. Bail hearing at special CBI court for nine accused executives.
The government had on October 24, 2017 unveiled a ₹2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks. Public sector IDBI Bank has.
2011 CBI finds some executives of Bank of Maharashtra, Central Bank, Oriental Bank of Commerce and IDBI created 10,000 fictitious accounts and transferred.
India’s banks, predominantly the dominant state-run lenders, have been saddled with $133 billion of stressed loans to businesses, such as those in metals and power. IDBI, which is more exposed to business loans than consumer.
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The Enforcement Directorate on Wednesday filed its first charge sheet against liquor baron Vijay Mallya and eight others in connection with its money laundering probe in the about Rs 900 crore IDBI Bank-KFA bank loan case. The move.