IDBI Bank Ltd - 500116 - Disclosure Of Related Party Transactions For Period Ended March 31, 2021
In terms of Regulation 23(9) of the Securities and Exchange Board of India (LODR) Regulations, 2015, we attach herewith the half-yearly disclosure of Related Party Transactions on consolidated basis drawn in accordance with the applicable accounting standards for the period ended March 31, 2021. Kindly acknowledge receipt and take the above on record.
S&P; Global Ratings affirms BB/B ratings on IDBI Bank with negative outlook
S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the ratings at the bank's request.S & P said the outlook was negative at the time of withdrawal. "We affirmed the ratings because we expect IDBI Bank's improving financial performance to offset the risk of bank's weakening link with the government."The Union Cabinet has approved strategic disinvestment along with the transfer of management control in IDBI Bank. "We considered this as a key transition risk for the rating over the next 12 to 18 months."The high uncertainty associated with an eventual timeline of divestment raises further transition risk. S & P said the strategic sale in IDBI Bank will likely be challenging in the current year owing to the bank's low equity valuation and wary investor sentiment under Covid-19.S & P IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Credit Rating
This is to inform that S & P Global Ratings has released Ratings on May 27, 2021, wherein it has affirmed its ''BB'' long-term and ''B'' short-term foreign currency issuer credit ratings on IDBI Bank with Negative outlook. It has also affirmed ''BB'' program rating on the senior unsecured notes under its MTN program. S&P; has revised upward their assessment of IDBI Bank''s stand-alone credit profile (SACP) to ''b+'' from ''b-1 . At the same time, S&P; has lowered their assessment of the likelihood of extraordinary government support to high from very high, in view of likely divestment by Govt. of India, as per budgetary announcement. Their rationale for rating is attached herewith. However, as the MTN Bonds rated by S&P; were fully repaid on November 30, 2020, the Bank had terminated the rating engagements/ agreement with S&P; for various issues made under the MTN Bond Programme on May 21, 2021. IDBI Bank Ltd - 500116 - Notice About Change In Chief Compliance Officer (CCO)
It is hereby informed Shri Shalil M. Awale, Executive Director (In-situ) is appointed as the Chief Compliance Officer of IDBI Bank with effect from June 01, 2021 in place of Shri P. Sitaram, ED & CCO, as approved by Board and informed to RBI. Shri Shall M. Awale has over 24 years'' experience in different capacities in IDBI Bank. You are requested to kindly take the above intimation on record in terms of the provisions of Regulation 30 of SEBI (LODR) Regulation, 2015. IDBI BANK LTD. - 500116 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Notice in respect of Loss of Share Certificates-in terms of Regulation 39(3) Of Chapter IV of SEBI (LODR) Regulations, 2015 (Lot-351)IDBI Bank has transformed into a retail bank: Samuel Joseph, Dy MD
We've utilised the prompt corrective action period to change our business mix and strengthening of balance sheet. IDBI Bank Ltd - 500116 - Termination Of Rating Engagements With S&P; Global Ratings (S&P;) And Fitch Ratings (Fitch)
This is to inform you that the MTN Bonds rated by S&P; and Fitch were fully repaid on November 30, 2020. In view of the aforesaid, IDBI Bank has decided to terminate the rating engagements/ agreement with S&P; and Fitch for various issues made under the MTN Bond Programme. You are requested to kindly take the above intimation on record in terms of the provisions of Regulations 30 & 51 of SEBI (LODR) Regulations, 2015.
IDBI Bank launches digital loan processing system for MSME, agri borrowers
The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a statement.IDBI Bank launches fully automated loan processing system
The facility is for the bank's MSME and agriculture customers IDBI Bank Ltd - 500116 - Compliances-Reg.24(A)-Annual Secretarial Compliance
In terms of Regulation 24A of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Circular No. CIR/CFD/CMD1/ 27/ 2019 dated February 8, 2019, we forward herewith a copy of the Annual Secretarial Compliance Report furnished by S. N. Ananthasubramanian & Co., Company Secretaries for the year ended March 31, 2021. Kindly acknowledge receipt and take the above on record