NewsVoir

IDBI Bank Q2 FY17 Results

Wed, 26 Oct 2016 12:08:49

Highlights of Q2 FY 17 (Sept30, 2016) financial results vis--vis Q2 FY 16 (Sept 30, 2015) Business up 9.10% to INR 4,84,337Crore (from INR 4,43,943Crore) Deposits increased by 11.03% to INR 2,65,679 Crore (from INR 2,39,282 Crore) Advances up by 6.84% to I....

IDBI Bank Launches 'IDBI Express' for Convenient, Branchless Banking

Mon, 13 Jun 2016 14:35:50

IDBI Bank launched 'IDBI Express', an unique banking solution, enabling customers to bank at their chosen time and place beyond banking hours, without having to visit the Bank branch. Hon'ble Minster of State for Finance Shri Jayant Sinha launched the initiative in New Delhi. 'IDBI Expr....

IDBI Bank Launches the 'Stand Up India' Scheme

Mon, 18 Apr 2016 16:10:35

IDBI Bank launched the "Stand Up India' Scheme on a pan India basis on the occasion of the 125th birth anniversary of Dr. Babasaheb Ambedkar on April 14, 2016. The scheme was launched by screening logo of 'Stand Up India' and a film made by Government of India on the subject. The Hon'ble Prime Mi....

IDBI Bank Q3 FY 16 Results

Fri, 12 Feb 2016 17:53:13

Highlights of 9 Months FY 16 (Dec 31,2015) financial results vis--vis 9 months FY 15 (Dec 31, 2014) - Business increased from Rs 4,30,502 Crore to Rs 4,43,615 Crore. - CASA up by 15% to Rs 58,662 Crore (from Rs 51,033 Crore). - Saving Bank Deposit up by 16% to Rs 34,425 Crore (from Rs....

IDBI Bank Contributes Rs. 1 Crore to the Tamil Nadu Chief Minister's Public Relief Fund for Chennai Floods

Mon, 08 Feb 2016 17:38:34

IDBI Bank as part of its Corporate Social Responsibility initiative contributed Rs. 1 crore to the Tamil Nadu Chief Minister's Public Relief Fund - for people affected by the recent floods in the state. Shri Rabinarayan Panda, CGM, IDBI Bank, handed over the cheque to Hon'ble Chief Minister of Ta....

IDBI Bank Receives Rs. 2229 Crore from the GoI towards Preferential Issue of Equity Shares

Mon, 04 Jan 2016 17:00:33

IDBI Bank has received Rs.2229 crore from the Government of India towards preferential allotment of equity shares of Rs.10/- each to GoI at a price of Rs.75.28 per share in terms of the approval accorded by the Shareholders at the EGM of the Bank held on November 4, 2015.....

IDBI Bank Mobilises Rs.1900 crore through Two Separate Issues of Basel III Compliant Tier 2 Bonds on Private Placement Basis to Strengthen its Capital Adequacy

Mon, 04 Jan 2016 16:47:06

IDBI Bank has mobilised Rs.1900 crore through issue of Basel III compliant Tier 2 bonds through two separate issues on private placement basis to strengthen its capital adequacy. The first issue of Rs.1000 crore concluded on December 31, 2015 was for a tenor of 15 years with call option at the en....

IDBI Bank's USD 350 Million 5 Years Green Bond Issue

Thu, 26 Nov 2015 13:34:42

IDBI Bank launched a USD 350 million 5 year Reg S Green Bond issue on November 23, 2015. The transaction received an overwhelming response and the issue was oversubscribed by 3 times. The issue was made under the USD 5 billion MTN Programme listed on the Singapore Stock Exchange. The t....

IDBI Bank Highlights of Q2 FY 16( Sept 30,2015) Financial Results vis-à-vis Q2 FY 15 (Sept 30, 2014)

Wed, 04 Nov 2015 17:10:43

Business up by 3% to Rs. 4,43,943 Crore (from Rs. 4,33,063 Crore) CASA increased by 10% to Rs. 57,887 Crore (from Rs. 52,433 Crore) Advances up by 5% to Rs. 2,04,661 Crore (from Rs. 1,95,057 Crore) Total assets grew by 3% to Rs. 3,38,458 Crore (f....

IDBI Bank Loans to Become Cheaper Following 25 bps Reduction in Base Rate

Wed, 30 Sep 2015 18:48:57

IDBI Bank's loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 9.75% p.a. with effect from October 05, 2015. IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI. The reduction in interest ....

IDBI Bank Bags Rajbhasha Kirti Puraskar of Department of Official Language Ministry of Home Affairs, Government of India

Tue, 15 Sep 2015 19:13:06

IDBI Bank Ltd. has been awarded second prize in linguistic region B of nationalised banks and financial institutions category of Rajbhasha Kirti Puraskar for the year 2014-15 for its outstanding performance in the use of Hindi. The award was presented by Honourable President of India Shri Pranab ....

IDBI Bank Launches Tab Banking

Mon, 17 Aug 2015 16:17:19

IDBI Bank launched its Tab Banking solution christened 'JusTab' which will facilitate opening of accounts at customers' door step using Tablet. The Bank's official will visit the customer at home / office and get the account opening process completed including obtaining KYC documents and photogra....

IDBI Bank Highlights of Q1 FY 2015-16 (June 30, 2015) Financial Results vis-à-vis Q1 FY 2014-15 (June 30, 2014)

Wed, 12 Aug 2015 15:43:00

Business up 13% to Rs. 445668 Crore (from Rs. 394924 Crore) Deposits increased by 15% to Rs. 241328 Crore (from Rs. 210343 Crore) Advances up by 11% to Rs. 204339 Crore (from Rs. 184581 Crore) Total assets grew by 11% to Rs. 342016 Crore (from Rs....

IDBI Bank Revises Deposit Rates

Mon, 10 Aug 2015 18:11:32

IDBI Bank has reduced the interest rates on Retail Term Deposit (RTD) by 40 bps for the maturity bucket '6 months 1 day upto 270 days' and by 25 bps for various maturity buckets from '271 days upto 10 years'. The mark-up for Senior Citizens at 50 bps over the Card rate would be available for depo....

IDBI Bank Launches New Loan Application Processing System

Wed, 05 Aug 2015 13:15:40

IDBI Bank, a new generation PSU Bank, launched a new Loan Application Processing System for its Structured Retail Asset (SRA) Loans like Education loans, Personal Loans and Auto Loans at the branches. This is in addition to its existing loan processing system for home loans and loan against prope....

IDBI Bank Launches Self-service Mini Branch Kiosk

Mon, 03 Aug 2015 14:57:13

IDBI Bank launched its first self service Mini Branch Kiosk at its Cuffe Parade, Mumbai Branch which will address the customer's request of personalized cheque leaves dispensation and issue of Demand Draft & Pay Order on 24X7 basis. IDBI Bank would be the first bank in the country to make availab....

IDBI Bank Executes Agreement with MUDRA for Refinance under PMMY

Tue, 07 Jul 2015 15:37:03

The General Refinance Agreement (GRA) between IDBI Bank Ltd. and Micro Units Development and Refinance Agency (MUDRA) Ltd. was signed on July 01, 2015 by Shri S.K.V. Srinivasan, Executive Director, IDBI Bank and Shri Jiji Mammen, CEO, MUDRA Ltd., in the presence of Smt. Lalita Sharma, CGM and oth....

IDBI Bank Awarded ISO 27001:2013 Certification

Thu, 11 Jun 2015 19:04:26

IDBI Bank has successfully attained the International Organization for Standardization Certification (ISO 27001:2013). IDBI Bank is one of the few public sector banks to upgrade to the latest ISO standard in Information Security i.e. ISO27001:2013. The certification means that IDBI Bank's Informa....

IDBI Bank Revises Retail Deposit Rates in Various Maturity Buckets

Tue, 09 Jun 2015 19:01:10

Post bi-monthly Monetary policy 2015-16 announced by RBI on June 02, 2015, IDBI Bank has decided to revise retail term deposit rates with effect from June 10, 2015 across all maturity buckets. The Bank has reduced interest rate in most of the short term maturity buckets of 31 days to <1 year b....

IDBI Bank Receives Elets Knowledge Exchange Award 2015 for its Financial Inclusion Initiatives Under PSU Category

Mon, 08 Jun 2015 15:33:29

IDBI Bank Ltd. received Elets Knowledge Exchange Award 2015 under Financial Inclusion Initiatives - PSU category by Elets Technomedia, a technology media and research organization working in the fields of ICT in government, education, healthcare, agriculture and rural development sectors. Elets A....

IDBI Bank Limited Announces Financial Results for the Quarter and Year Ended March 31, 2015

Tue, 26 May 2015 21:05:59

Highlights of Q4 FY 15 (March 31,2015) financial results vis--vis Q4 FY 14 (March 31, 2014) Business up 8% to Rs. 4,68,213 Crore (from Rs. 4,33,460 Crore) Deposits increased by 10% to Rs. 2,59,836 Crore (from Rs. 2,35,774 Crore) Advance....

IDBI Bank Loans to Become Cheaper Following 25 bps Reduction in Base Rate

Wed, 06 May 2015 20:09:25

IDBI Bank's loans, linked to Base Rate will become cheaper following a 25 bps reduction in its Base Rate to 10% with effect from May 11, 2015. IDBI Bank has taken this pro-active step, keeping in view the recent policy measures announced by the RBI. The reduction in interest rate is exp....

IDBI Bank Signs MoU with Bajaj Allianz General Insurance Company Ltd.

Thu, 23 Apr 2015 18:30:22

IDBI Bank Ltd and Bajaj Allianz General Insurance Company Ltd (BAGIC) have entered into a Memorandum of Understanding (MoU) to implement the Pradhan Mantri Suraksha Bima Yojana (PMSBY) for savings bank account holders of the Bank. The MoU was signed by Smt. Medha V Joshi, Chief General Manager, R....

IDBI Bank Partners with NPCI to Launch 'Rupay Platinum Debit Card'

Mon, 20 Apr 2015 17:32:46

IDBI Bank in association with National Payments Corporation of India (NPCI) launched the 'Rupay Platinum Debit card' in the presence of Shri M. S.Raghavan, CMD, IDBI Bank and Shri A. P.Hota, MD and CEO, NPCI. The 'Rupay Platinum Debit card' enables cost-effective, fast and secure access to la....

IDBI Bank Signs MoU with LIC of India to Implement the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY)

Mon, 13 Apr 2015 15:27:27

IDBI Bank Ltd and Life Insurance Corporation of India (LIC) have entered into a Memorandum of Understanding (MoU) to implement the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) for savings bank account holders of the Bank. The MoU was signed by Shri S. K. V. Srinivasan, ED, IDBI Bank and Shri K....

IDBI Bank Marks Yet Another Milestone - Inaugurates 3000th ATM

Mon, 06 Apr 2015 18:06:30

In tune with its philosophy of 'Bank Aisa, Dost Jaisa', IDBI Bank today strengthened its network and reach in the country by inaugurating its 3000th ATM at Punjabi Bagh, New Delhi. The 3000th ATM was inaugurated by Shri S. Ravi and Shri Pankaj Vats, Directors of IDBI Bank, in presence of Shri M. ....

IDBI Bank Inaugurates E-lounge at Saket Branch, New Delhi

Wed, 25 Mar 2015 12:36:25

Taking forward its endeavour to deploy cutting edge technology to offer a wide array of advanced financial services and products to its customers, IDBI Bank launched its first e-lounge in New Delhi. The e-lounge, which is a self service lounge and located at Saket branch in New Delhi, was inaugur....

IDBI Bank Launches Mobile Banking App

Wed, 25 Feb 2015 13:45:06

IDBI Bank, a new generation PSU Bank, today launched its Mobile Banking Application (App). The new Application, with the branding "IDBI Bank Go Mobile", is available on the android platform and can be downloaded from the Google Play Store. The Mobile Banking App greatly enhances the cus....

IDBI Bank Q3FY15 Results

Fri, 06 Feb 2015 19:23:29

Highlights of Q3 FY 15 (Dec 31,2014) financial results vis--vis Q3 FY 14 (Dec 31, 2013) Business up 16% to Rs. 4,30,502 Crore (from Rs. 3,72,387 Crore) Deposits increased by 20% to Rs. 2,33,199 Crore (from Rs. 1,93,858 Crore) Advances up by 11% to Rs. 1,97....

Quote from Mr. Ganti N Murthy, Head - Fixed Income, IDBI Asset Management Co Ltd on RBI Credit Policy

Tue, 03 Feb 2015 14:01:55

The quote from Mr. Ganti N Murthy, Head - Fixed Income, IDBI Asset Management Co Ltd: "As expected the RBI had maintained status quo in its meeting today . This was expected as the RBI had cut the repo rate only 15 days ago and since monetary policy changes take effect with a time lag, ....

Shri M.S. Raghavan, CMD, IDBI Bank Inaugurated Wardhaman Nagar Branch, Nagpur

Wed, 28 Jan 2015 18:08:48

IDBI BANK'S 11th branch in the city of Nagpur at Wardhaman Nagar was inaugurated by Chairman and Managing Director, Shri M. S. Raghavan today. Wardhaman Nagar, Nagpur is an upcoming residential cum commercial locality in the eastern fringe of the city. The newly opened branch is in tune with ....

IDBI Bank Conferred Star Performance Award 2014

Mon, 22 Dec 2014 15:21:01

IDBI Bank has been conferred Star Performance Award 2014 in demat account opening under PSU-Bank Category by NSDL at its 29th DP Conference. The award was presented by Shri. G.V. Nageswara Rao, MD & CEO of NSDL. Shri Rajkumar Reddypalle (Head, Capital Markets & TPD) received the award on behalf o....

IDBI Bank, the 1st PSU Bank to Launch eIA Facility

Tue, 16 Dec 2014 11:11:12

IDBI Bank in association with NSDL Database Management Limited (NDML) has launched the 'Electronic-Insurance Account (e-IA)'. e-IA is the portfolio of insurance policies of a policy holder held in electronic form with an insurance repository. Under this facility, customers can buy and keep insura....

IDBI Bank Strengthens its Network and Banking Services in Chhattisgarh

Fri, 05 Dec 2014 16:54:28

Taking forward its endeavor to deploy cutting edge technology to offer a wide array of advanced financial services and products to its customers, IDBI Bank today launched its first 'e-lounge' branch in Raipur. The e-lounge, which is self service lounge and located at Fafadih branch in Raipur, Chh....

IDBI Bank Inaugurates Zonal Office in Chandigarh

Fri, 28 Nov 2014 16:11:21

IDBI Bank's Zonal Office at Chandigarh was inaugurated today at Chandigarh by its Chairman and Managing Director, Shri M.S. Raghavan. The new Zonal Office is a step towards empowering the Bank's regional network and encouraging business opportunities in the region. The newly opened Zonal Office i....

Rajbhasha Shield Award to IDBI Bank Ltd.

Mon, 17 Nov 2014 17:53:05

Reserve Bank of India organizes Rajbhasha Shield competition every year for promoting use of Hindi in Nationalized Banks and Financial Institutions. This year also RBI had organized the Award function at their Head Office in Mumbai on 13 November 2014. IDBI Bank Ltd has been awarded the third pri....

23rd Aashirvad Rajbhasha Award Won by IDBI Bank

Thu, 13 Nov 2014 11:28:16

The 23rdAashirvad Rajbhasha Award Function of 'Aashirvaad', a literary-social-cultural organization, was held at Mumbai. Various Government Offices, Undertakings, Corporations and Nationalized Banks and their officers, who are performing well in Hindi were conferred awards. The function was grace....

IDBI Bank Contributes Rs. 5 crore to Ramakrishna Mission as Part of CSR Initiative

Tue, 11 Nov 2014 13:29:58

IDBI Bank, as part of its CSR initiative of promoting education among students from weaker sections of the society, has contributed Rs. 5 crore to Ramakrishna Mission towards creation of an endowment fund named "IDBI Bank Golden Jubilee Scholarship Fund". Shri M.S. Raghavan, Chairman and Managing....

IDBI Bank Q2 FY15 and Half Yearly Results

Fri, 31 Oct 2014 18:34:13

Highlights of Q2 FY 15 (Sept 30,2014) Financial Results Vis--Vis Q2 FY 14 (Sept 30, 2013) Business up 12.15% to Rs. 4,33,062 Crore (from Rs. 3,86,145 Crore) Deposits increased by 17.50% to Rs. 2,38,006 Crore (from Rs. 2,02,559 Crore) Advances up by 6.25% t....

IDBI Bank Allies with the Indian Air Force for Channel Swimmathon as a Part of IAF's 82nd Anniversary Celebration

Fri, 31 Oct 2014 14:04:03

Indian Air force channel swimming team 'Delphinus', successfully completed the extreme endurance Swimmathon, the longest open water swim in Asia. IDBI Bank was associated with the IAF Swimmathon as part of its initiative to promote and popularize the sport of open water swim in India. The Sw....

Vigilance Awareness Week 2014 at IDBI Bank Ltd

Wed, 29 Oct 2014 18:25:44

Vigilance Awareness Week is being observed by IDBI Bank Ltd. from October 27, 2014 to November 01, 2014. The theme of this year's Vigilance Awareness Week is "Combating Corruption - Technology as an Enabler". The Vigilance Awareness Week commenced with the administration of Pledge by Shri M.O. Re....

IDBI Additional Tier - I (AT - I) Bonds Oversubscribed

Mon, 20 Oct 2014 15:43:58

IDBI Bank's first Basel III compliant Additional Tier - I (AT - I) bonds amounting to Rs. 2,500 crore (Rs. 1,500 crore with an option to retain over-subscription upto Rs. 1,000 crore) received an overwhelming response and has been fully subscribed prior to the closure date. The issue opened on Se....

Hindi Divas Celebration at IDBI Bank Head Office

Mon, 22 Sep 2014 18:43:07

The Hindi Divas function was organized at IDBI Bank HO on September 15, 2014. On this occasion, IDBI Bank's CMD Shri M.S. Raghavan awarded Rajbhasha Shields to the Branch Heads of the winning branches. He has also released a special issue of Bank's Hindi magazine 'Vikas Prabha', which is focused ....

IDBI Bank Inaugurates its First 'e-lounge'

Thu, 04 Sep 2014 16:23:54

Taking forward its endeavor to deploy cutting edge technology to offer a wide array of advanced financial services and products to its customers, IDBI Bank today launched its first 'e-lounge'. The e-lounge, which is unmanned and located at Mahim branch, Mumbai, was inaugurated by Shri M. S. Ragha....

IDBI Bank Opens More Than 3.62 Lakh Basic Savings Accounts Under 'Pradhan Mantri Jan Dhan Yojana'

Mon, 01 Sep 2014 13:38:13

IDBI Bank has proactively and aggressively participated towards meeting the goals under the 'Pradhan Mantri Jan Dhan Yojana' to mobilize Basic Savings Bank Deposit Accounts (BSBDAs), promote financial literacy and meeting comprehensively the objective of financial inclusion. Under this plan, each....

IDBI Bank CSR Support Under 'Swachh Bharat Mission'

Wed, 20 Aug 2014 16:55:05

IDBI Bank has decided to be an active participant of the "Swachh Bharat Mission" to support building of gender segregated toilets in the schools near bank's branches in rural and semi-urban area as part of CSR initiative for an estimated amount of Rs. 9 crore. Swachh Bharat Mission, announced....