idbi bank Archives

adminMay 25, 2021

By Anjana Das, New Delhi : IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover for non-performing assets (NPAs) in the January-March quarter. Life Insurance Corporation of India (LIC) completed […]

adminMay 25, 2021

Mumbai : IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders’ approval. According to the lender, its Board has approved a proposal for change of name of IDBI Bank, subject to “RBI’s no […]

adminMay 25, 2021

Chennai : 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 […]

adminMay 25, 2021

Chennai : Employees of the IDBI Bank will strike work for two consecutive days (October 24 and 25) demanding long pending wage revision, said All India Bank Employees’ Association (AIBEA). Wage revision for employees and officers of IDBI Bank is due for the period from 1-11-2012 to 31-10-2017 on the lines of the settlement in all […]

adminMay 25, 2021

Chennai : (IANS) The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union. Opposing the government’s move to dilute its holding to less than […]