IDBI BANK LTD. - 500116 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Notice in respect of loss of Share Certificates (Lot-361) - Regulation 39(3) of SEBI (LODR) Regulations, 201501-10-2022
01-10-2022
Merger between LIC MF and IDBI MF in advanced stage: LIC Mutual Fund MD
Merger between LIC Mutual Fund and IDBI Mutual Fund is at a "fairly advanced stage", a top official said on Thursday. "The process is on, it is at a fairly advanced stage," LIC MF's managing director and chief executive T S Ramakrishnan told reporters, when asked about reports of the merger. Recent media reports have said that LIC Mutual Fund plans to absorb IDBI Mutual Fund following a regulatory diktat barring a single promoter from owning more than 10 per cent stake in two asset management companies. IDBI Bank, the parent of IDBI MF, is majority owned by LIC for the last few years. Ramakrishnan added that as and when LIC MF, the 22nd largest MF in the country with over Rs 18,000 crore in assets under management, is in a firm comment on the merger process, it will inform everybody. According to reports, there were two attempts to sell IDBI Mutual Fund that could not be successful, and it resulted in the merger with a company owned by the same parent. Meanwhile, Ramakrishnan said29-09-2022
IDBI BANK LTD. - 500116 - Notice About Change In Chief Risk Officer (CRO)
It is hereby informed that the Board of Directors of the Bank at its meeting held on Wednesday, September 28, 2022, approved the appointment of Shri Anirudha Behera as Chief Risk Officer (CRO) of IDBI Bank with effect from October 01, 2022 in place of Shri Ajoy Nath Jha, who superannuates from the Bank on September 30, 2022. The Brief Profile of Shri Anirudha Behera is as per attachment. You are requested to kindly take the above intimation on record in terms of the provisions of Regulation 30 of SEBI (LODR) Regulation, 201528-09-2022
IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
It is hereby informed that the Board of Directors of IDBI Bank Ltd., at its meeting held on Wednesday, September 28, 2022, granted in-principle approval for divestment of Bank''s stake in North Eastern Development Finance Corporation Ltd. (NEDFi). You are requested to kindly take the above intimation on record in terms of the provisions of Regulation 30 of SEBI (LODR) Regulations, 2015.28-09-2022
Govt mulls IDBI stake sale options
The government may take a two-stage approach to privatize IDBI Bank, examining the eligibility of potential bidders in the first stage, followed by a second stage where transaction advisers will take charge of the sale.28-09-2022
IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform that ICRA has revised IDBI Bank Limited''s (IDBI) Outlook to Positive from Stable while reaffirming the Long-Term Ratings at `[ICRA]A+'' and its Short-Term Issuer Rating at `[ICRA]A1+''. The detailed report is attached herewith. You are requested to kindly take the above intimation on record in terms of Regulations 30 & 51 of SEBI (LODR) Regulations, 2015.26-09-2022
IDBI BANK LTD. - 500116 - Closure of Trading Window
In terms of Regulation 30 of the SEBI (LODR) Regulations, 2015, it is hereby advised that in accordance with IDBI Bank''s Code of Conduct for Prevention of Insider Trading, the trading window shall remain closed from September 30, 2022 to October 23, 2022 for declaration of Un-audited Financial Results for the quarter and half year ending on September 30, 2022. Kindly acknowledge receipt and take the above intimation on record.26-09-2022
Does IDBI Bank-LICHFL merger make sense?
This will place IDBI Bank in a comfortable fourth position among private lenders, up from its seventh rank25-09-2022
IDBI Bank completes sale of entire stake of Ageas Federal Life Insurance
Belgium-based Ageas Insurance International has completed the acquisition of a majority stake in its Indian joint venture Ageas Federal Life Insurance (AFLIC), picking up 25 per cent stake of IDBI Bank for Rs 580 crore. With this, it has become the first foreign partner in the Indian life insurance sector to own a majority stake of 74 per cent. In the non-life segment, it was Italy's financial services major Generali which raised its stake in Future Generali India Insurance to 74 per cent in May this year. Last fiscal, the Indian government allowed foreign players to raise their stakes in Indian joint venture insurance firms up to 74 per cent from 49 per cent earlier as a move to attract investment as well as to increase insurance penetration in the country. "Ageas completes the acquisition of a majority stake in the Indian life insurance joint venture Ageas Federal Life," Ageas said in a release. The global insurer said it has acquired the additional 25 per cent stake (from IDBI22-09-2022
IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
Sale of entire stake of Ageas Federal Life Insurance Company Limited by IDBI Bank Limited to Ageas Insurance International NV21-09-2022