Kotak Mahindra Bank delivered strong Q4 results with unexpected margin expansion and declining credit costs. While management anticipates f...

Senior citizens seeking stable income and market-risk-free returns often turn to fixed deposits. Banks commonly offer enhanced interest rat...

The Supreme Court has rejected Anil Ambani's appeal. He challenged banks classifying his loan accounts as fraudulent. The court found no gr...

India's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...

"Collections fell by about two percentage points last summer, and we expect a similar dip this year," said the head of a non-bank lender, w...

Sadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...

Before IDBI Bank, other banks like Indian Overseas Bank (IOB) and RBL Bank have sold their MSME loans in the last quarter. IDBI's offer has...

India is considering selling at least 51% of the $5 billion bank, people familiar with the matter have said, in what is set to be the bigge...

IDBI always had more corporate exposure but since PCA (prompt corrective action) was imposed, partly due to force and partly by choice, we ...

"I am expecting an overall growth of 10%. Our liquidity and capital position is quite comfortable," says IDBI Bank's MD and CEO Rakesh Shar...

The new lending rates took effect from August 12, the bank said in a statement.

The state-owned bank had given a loan to Axcel Sunshine Ltd in February 2014, which had turned into a non-performing asset (NPA) or bad loa...

Aviation profits, however, plunged from 2008 in kilter with a decelerating global economy and subsequent record prices of crude oil, pushin...

About two dozen banks including IDBI under scanner for alleged irregularities in loans to KFA.

In the past, banks have lowered rates by just 5 bps to 10 bps. This is the first time a bank announced a sharp cut of 40 bps in one go.

"CBI has registered a preliminary enquiry (PE) to enquire into the role of IDBI and KFA," the CBI spokesperson said on Saturday.

CBI is looking into the Rs 950 crore alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit rati...