New Delhi: The government should go ahead with disinvestment from public sector banks (PSBs) as they are in good condition, the SBI said in its research report on Monday.The report also advocates consolidation of existing state banks."Given that banks are in good condition, the government...
New Delhi: Sebi on Friday banned two persons from the securities market for three years and directed them to liquidate ill-gotten gains of Rs 1.67 crore for indulging in front-running trades.The persons banned by SEBI are Gaurav Dedhia and Kajal Savla. Apart from this, the regulator imposed a...
New Delhi [India], Nirlon Ltd, Castrol India Ltd and Coal India Ltd are among the companies that delivered a dividend yield of more than 5 per cent in the recently concluded financial year 2023-24, according to a report by IDBI Capital. According to a financial services provider, these shares...
New Delhi, IDBI Bank on Tuesday said it has received a GST demand order of Rs 2.97 crore along with interest and penalty for alleged excess benefit of input tax credit (ITC).In a regulatory filing, the private sector bank said the Dehradun State Department has issued an order under the GST...
bank's net interest income
Revenue rose 12 per cent to Rs 3,688 crore from Rs 3,280 crore, while return on assets (ROA) increased 39 bps to 1.82 per cent in the fourth quarter compared to 1.43 per cent in the same quarter last year.The board of directors of IDBI Bank has recommended a...
New Delhi, Private sector lender IDBI Bank on Saturday reported 44 per cent rise in net profit to Rs 1,628 crore in the March quarter of financial year 2023-24.In comparison, the bank had made a net profit of Rs 1,133 crore in the same period last year.Total income increased to Rs 7,887...
Pamidi (Andhra Pradesh): Four container trucks carrying 'dirty' notes worth Rs 2,000 crore were detained by Andhra Pradesh Police here on Thursday but later released as they belonged to banks, an official said.Anantapur Range Deputy Inspector General of Police (DIGP) R N Ammi Reddy said the...
New Delhi: In a relief to Reliance Infrastructure, the National Company Law Tribunal (NCLT) has disposed of the insolvency case filed by SBI and IDBI Bank against Mumba Metro One Private Limited (MMOPL).Mumbai Metro One Private Limited (MMOPL) is a 74:26 joint venture between Reliance...