Tag: IDBI Bank

Bank shares take a hit, bring down indices

As the banking sector faces huge losses on account of myriad frauds discovered by their internal mechanism in the last three months, their stocks took a hit in the last session of the financial year 2017-18 in Dalal Street on Wednesday. Private and state-run lenders gave away gains of the previous two sessions amid fresh …

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March 29, 2018

All India bank strike on Dec 27 for wage revision in IDBI Bank

The two major unions in the banking sector – All India Bank Employees’ Association (AIBEA) and All India Bank Officers’ Association (AIBOA) – on Friday announced sector wide strike on December 27 in support of wage revision in IDBI Bank. In a joint statement issued here, the two unions said they have been taking up …

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November 24, 2017

‘I will be there to cheer for India in every Champions Trophy match’

Undeterred by the criticism over his attendance at the India-Pakistan cricket match in Birmingham, absconding liquor baron Vijay Mallya on Tuesday said he intends to attend all the games to cheer the Indian team. "Wide sensational media coverage on my attendance at the IND v PAK match at Edgbaston. I intend to attend all games …

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June 6, 2017

RBI initiates PCA against IDBI Bank

State-owned lender IDBI Bank on 9 May evening said that Reserve Bank of India (RBI) has initiated a "prompt corrective action" (PCA) in view of its high non-performing assets (NPAs) and negative return on assets (RoAs). "RBI, vide their letter dated 5 May, 2017, has initiated PCA for IDBI Bank in view of high NPA …

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May 10, 2017

IDBI Bank employees to strike work on April 12

Around 15,000 IDBI Bank employees would strike work on April 12, demanding a wage revision, the All India Bank Employees' Association (AIBEA) announced on Saturday. In a circular to its members, the AIBEA said the wage revision settlement in IDBI Bank for employees and officers is due from November 2012. "The government and the management (of IDBI …

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April 1, 2017

Government swaps MDs of Indian Bank and IDBI Bank

The central government has swapped places of the head honchos of the Indian Bank and the IDBI Bank, the Indian Bank said on March 20. In a regulatory filing, the Indian Bank informed the BSE that the central government in a notification on March 18, 2017, appointed Kishor Piraji Kharat, Managing Director (MD) and Chief …

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March 21, 2017

IDBI Bank employees to strike on Monday

Employees of the IDBI Bank will strike on Monday pressing demands like wage revision, opposing out sourcing and others, said a top leader of All India Bank Employees' Association (AIBEA). "The conciliation meeting was held in Mumbai for the past three days but despite the reasonable stand of the Union (All India IDBI Employees Association) …

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February 5, 2017

Mallya, CMD holiday meet led to hasty sanction of Rs.350 crore loan

Two initial tranches of loan worth Rs.350 crore were hastily disbursed by IDBI bank to Kingfisher Airlines after a "holiday" meeting between liquor baron Vijay Mallya and the then bank CMD as both organisations "criminally conspired" to clear the entire deal despite weak financials of the airline, the ED has said. The total loan sanctioned …

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January 29, 2017