IDBI Bank

IIT Madras companions with IDBI Financial institution to launch Cybersecurity Lab

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Indian Institute of Know-how Madras (IIT Madras) is partnering with IDBI Financial institution to launch a cybersecurity Lab to develop and deploy safety options in essential sectors reminiscent of healthcare, fintech and aerospace, amongst others. The lab will give attention to creating market-ready IPs in cybersecurity, productisation and commercialisation of analysis work, particularly for cellular … Read more

IDBI Financial institution This autumn internet revenue jumps 44% to ₹1,628 crore

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IDBI Financial institution reported a 44 per cent year-on-year (y-o-y) improve within the fourth-quarter standalone internet revenue at ₹1,628 crores, supported by a good rise in internet curiosity revenue and a pointy decline in provisions (apart from tax) and contingencies.   The financial institution reported a standalone internet revenue of ₹1,133 crore within the year-ago interval. … Read more

Fairfax sweetens the deal for IDBI Financial institution

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Canadian billionaire Prem Watsa’s Fairfax is again within the fray bidding for IDBI Financial institution with a sweetened deal. In accordance with extremely positioned sources conscious of the matter Fairfax appears to have agreed for an all-cash compensation construction to accumulate IDBI Financial institution. As well as, Watsa is claimed to have dedicated to make … Read more

IDBI Financial institution’s synergy constructing with LIC to be on maintain on account of strategic divestment plans

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India Rankings and Analysis (Ind-Ra) expects a big a part of IDBI Financial institution’s anticipated synergy constructing with the Life Insurance coverage Company of India (LIC) to be on the backburner, given the upcoming strategic divestment plans of the Authorities and LIC. The ranking company famous that IDBI Financial institution has benefited some extent on … Read more

‘Look ahead to IDBI Financial institution divestment might stretch additional’

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The strategic disinvestment course of for IDBI Financial institution might be additional delayed. DIPAM (Division of Funding and Public Asset Administration) Secretary Tuhin Kanta Pandey has mentioned that it’ll not be potential for the method to be accomplished within the first half of the subsequent fiscal. Nonetheless, Pandey mentioned the strategic disinvestment strategy of the … Read more

Focus to be on concluding ongoing strategic gross sales in FY25: DIPAM secretary

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The Division of Funding and Public Asset Administration (DIPAM) will give attention to concluding the continuing privatisation transactions, like IDBI Financial institution and BEML, and should not take a look at any new CPSE for a strategic sale within the subsequent fiscal, a senior official stated. DIPAM Secretary Tuhin Kanta Pandey in an interview to … Read more