Bondholders of GVK Power Goindwal at loggerheads
IDBI Trusteeship filed the case on behalf of DB International (Asia), an affiliate of Deutsche Bank.30-06-2020
30-06-2020
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 June 30, 2020 to July 30, 2020 for declaration of Un-audited Financial Results for the quarter ending June 30, 2020. Kindly acknowledge receipt and take the above intimation on record.30-06-2020
Iran trade: Stakeholders explore non-oil avenue to boost fund flow
Under the India-Iran trade deal, local oil refiners used to import crude oil from the middle east nation and make payments to the designated rupee-account at Uco and IDBI. This was till the time crude oil was in the exempted list of US sanctions. These banks, in turn, use that fund to settle payment to exporters.29-06-2020
IDBI Bank gains 5%, hits 52-week high on plan to sell stake in insurance JV
IDBI Bank has 48 per cent stake in IDBI Federal Life Insurance, which started operations in 200829-06-2020
IDBI Bank to divest 27% stake in IDBI Federal Life Insurance
IDBI Bank has 48 per cent stake in IFLI which started operations in 2008.27-06-2020
IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
In continuation of our earlier disclosures dated February 21, 2017 and April 08, 2020, it is hereby informed that the Board of Directors, at its meeting held on Friday, June 26, 2020, has approved to sell IDBI Bank's stake in IDBI Federal Life Insurance Company Limited (IFLI) to the extent of 23% to Ageas and 4% to Federal Bank at a combined value of about Rs.595 crore, subject to all regulatory approvals to be taken by all related parties and agreements which are yet to be finalised. You are requested to kindly take the above intimation on record in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.27-06-2020
IDBI Bank says COVID-19 pandemic to not have any material impact on future results
The major identified challenges for bank borrowers across various industry sectors is expected to arise from eroding cash flows and elongated working capital cycles, it said.24-06-2020
IDBI BANK LTD. - 500116 - Advisory On Disclosure Of Material Impact Of Covid 19 Pandemic
Please refer to the SEBI circular dated May 20, 2020: In this connection IDBI discloses as under: The Covid-19 pandemic continues to spread across the globe and India. This has resulted in a significant decline and volatility in global and Indian markets and economic activity. Implementation of lockdown and extensions has resulted in disruptions of business and common life. With situation still unfolding, it is difficult to predict time horizons to gauge the impact. The major identified challenges for the Bank borrowers across various industry sectors is expected to arise from eroding cash flows and elongated working capital cycles. The Bank is gearing itself on all fronts to meet these challenges. Despite these events and conditions, the Bank''s results in future are not expected to be materially adverse nor would have any significant impact on the going concern assumption. The above disclosure has also been included in Audited Results submitted under Reg. 33 of LODR.24-06-2020
IDBI BANK LTD. - 500116 - Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) For The Period Ended March 31, 2020
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, 2020. Kindly acknowledge receipt and take the above on record.17-06-2020
IDBI board approves appointment of Anshuman Sharma as Govt nominee director
IDBI Bank on Thursday said its board has approved the appointment of Anshuman Sharma as government nominee director with effect from June 11.The Bo11-06-2020