IDBI Bank Q1 Results: Net profit rises 62% to Rs. 1,224 crore, NII up by 61% YoY
The bank's Net Interest Income (NII) increased by 61 percent year over year (YoY) to reach Rs 3998 crore from Rs 2448 crore.
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7 firms in race for the IDBI Bank’s strategic sale
Seven international firms including JM Financial, Ernst and Young, Deloitte, and KPMG have been shortlisted as transaction advisers for the government’s stake sale in IDBI Bank.
IDBI divestment: 100% stake owned by GOI and LIC are approved for sale
The government has approved the sale of the entire stake of LIC and the Centre in IDBI bank.