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IDBI BANK LTD. - 500116 - Outcome Of Board Meeting For Issue Of Rupee Bond For FY 2020-21

In continuation of our earlier disclosure dated April 03, 2020, it is hereby informed that the Board of Directors, at its meeting held on Wednesday, April 08, 2020, has approved the Rupee Bond Borrowing limit of 7500 crore for FY 2020-21 to be borrowed in one or more tranches comprising of Additional Tier I Bonds up to 3000 crore, Basel III Tier 2 bonds up to 3500 crore and Senior/Infrastructure Bonds up to 1000 crore by way of private placement during FY 2020-21. You are requested to kindly take the above intimation on record in terms of Regulations 30 & 52 of the SEBI (LODR) Regulations, 2015
08-04-2020
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IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

In continuation of our earlier disclosure dated February 21, 2017, it is hereby informed that the Board of Directors, at its meeting held on Wednesday, April 08, 2020, has approved in principle the proposal to sell IDBI Bank''s stake inIDBI Federal Life Insurance Company Limited (IFLI) to the extent of 23-27%. You are requested to kindly take the above intimation on record in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.
08-04-2020
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IDBI BANK LTD. - 500116 - Exercise Of Call Option On Perpetual Tier 1 Bond Series I

It is hereby informed that the Board of Directors, at its meeting held on Wednesday, April 08, 2020, has approved the exercise of Call Option on the Bank''s Perpetual Tier 1 Bond Series I of 245.10 crore due on June 22, 2020 subject to RBI approval. You are requested to kindly take the above intimation on record in terms of Regulations 30 & 51 of the SEBI (LODR) Regulations, 2015.
08-04-2020
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IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Credit Rating

Moody''s had shared draft press release on April 03, 2020 affirming the deposit rating of IDBI Bank at Ba2.The baseline credit assessment (BCA) and adjusted BCA of IDBI Bank has also been affirmed at b2.At the same time, the outlook for IDBI is revised to Stable from Positive.It may be mentioned that IDBI Bank has terminated all rating contracts/ engagements with Moody''s Investors Services for various issues under the Bank''s MTN Bond Programme.Bank had, earlier on December 26, 2017, intimated the said termination to Stock Exchanges as per SEBI (LODR) Regulations, 2015. Since the press release does not mention that the rating is unsolicited, an intimation in this regard was sent to Moody''s on April 03, 2020. However, Moody's did not respond to the said intimation and published the combined press release for four Banks, including IDBI Bank. The copy of combined press release downloaded from their website is attached.
04-04-2020
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IDBI BANK LTD. - 500116 - Board Meeting Intimation for Proposal To Approve Issue Of Rupee Bond Borrowings Limit Of Rs.7500 Crore For FY 2020-21

IDBI BANK LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/04/2020 ,inter alia, to consider and approve In terms of Regulation 29(1)(d) of the SEBI (LODR) Regulations, 2015, it is hereby informed that the Board Meeting of IDBI Bank Ltd. to be held on Wednesday, April 08, 2020 will consider the proposal for approval of Rupee Bond Borrowings limit of ` 7500 crore for FY 2020-21. Kindly acknowledge receipt and take the above on record.
03-04-2020
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IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Credit Rating

This is to inform that Fitch Ratings has released Ratings on April 01, 2020,wherein it has affirmed the Bank''s existing Long Term Issuer Default Rating at "BB+" with revised outlook of ''Negative'' from ''Stable''. The Support Rating Floor and Viability Rating of the Bank has been kept unchanged. Their rationale for rating is attached herewith. 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.
01-04-2020
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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-340).
31-03-2020

IDBI Bank share price falls 5% after it withdraws bond issue

The share touched its 52-week high Rs 76.90 and 52-week low Rs 31.30 on 02 April, 2019 and 24 March, 2020, respectively.
30-03-2020
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IDBI BANK LTD. - 500116 - Announcement under Regulation 30 (LODR)-Issue of Securities

Issue of Basel III Compliant Tier 2 Bonds for aggregate total issue size of Rs.1 000 crore has been withdrawn
27-03-2020

Coronavirus pandemic | Not topline, but customer service, employees top priority right now: IDBI Federal Life CEO

While IDBI Federal Life has seen a decline in new premium collections, CEO Vighnesh Shahane said that it is not merely topline but customer centricity, keeping employees safe, ensuring claims settlements on time, persistency and having less complaints is what their focus would be,
27-03-2020
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