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A CBI court yesterday refused bail to a former CMD of IDBI Bank and two others in the loan default case involving the defunct Kingfisher Airlines (KFA) A CBI court yesterday refused bail to a former CMD of IDBI Bank and two others in.

IDBI Bank has announced that it has crafted a comprehensive turnaround strategy, which includes restricting corporate loan book growth, raising additional capital and non core asset sales to reduce operational costs. Aggressive recovery.

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IDBI Mutual Fund has declared dividend under quarterly dividend option of IDBI Monthly Income Plan and IDBI Dynamic Bond Fund. IDBI Mutual Fund has declared dividend under quarterly dividend option of IDBI Monthly Income Plan and.

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IDBI Bank on Thursday reported a net loss of Rs 3,200 crore for the March 2017 quarter, wider than Rs 1,736 crore loss reported in the same period last year, owing to a manifold jump in provisions for bad assets.

The Central Bureau of Investigation arrested a former IDBI chairman in connection with a case related to loans extended to embattled businessman Vijay Mallya, sources said on Friday. Four executives of Kingfisher Airlines and three former.

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IDBI Bank posts loss of Rs853.01 crore in Q1 compared with profit of Rs241.10 crore a year ago as NPAs surged to 24.11% of gross assets

Just a month before the now-defunct Kingfisher Airlines Ltd. approached IDBI Bank for a corporate loan of Rs 950 crore in October 2009, two UB Group companies had settled their outstanding dues and obtained ‘no dues’ certificates from the.

Oct 31 (Reuters) – IDBI Bank Ltd reported its fourth straight quarterly loss on Tuesday as the state-run lender continued to struggle with bad loans. Net loss came in at 1.98 billion rupees$30.59 million in the three months ended Sept. 30,

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The Enforcement Directorate (ED) has summoned officials of IDBI Bank and Vijay Mallya-led Kingfisher Airlines (KFA) in connection with the alleged default in the Rs 950-crore loan sanctioned by the lender to the airline in 2009. “All of them.

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As part of the corrective plan, IDBI bank will have to raise capital levels and restrict payment dividend. India’s bad loans are estimated to be of a size of Rs 9 to 11 lakh crore, as on December 31, 2016 and more than 80 percent of the.

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NCLT has also approved the appointment of an interim resolution professional

IDBI Bank is India’s leading provider of project and infrastructure financing. It is the second largest syndicator of loans in India and 4 th largest in Asia-Pacific. IDBI Bank has a branch network of 720 in India and almost 1,250 ATMs. “Last.

In its charge sheet filed against absconding businessman Vijay Mallya in a Mumbai court on Wednesday, the Enforcement Directorate alleged that he was the ‘prime mover’ in the plot to launder a major part of the Rs 900 crore IDBI-KFA bank.

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