IDBI Bank’s officers, employees unions urge Government to drop proposal on stake sale
May 09, 2021
LIC is currently the promoter of IDBI Bank
The United Forum of IDBI Officers and Employees said its members may resort to industrial action if the Government does not drop its proposed move to sell IDBI Bank to a strategic buyer.
“We fervently urge upon the Government of India to drop its contemplated move to sell IDBI Bank to a strategic buyer, failing which the Officers and Employees will be left with no other option but to take recourse to organizational forms of action which on our part are anxious to avoid at this juncture,” the Forum’s Joint Convenors Ratnakar Wankhade and Vithal Koteswara Rao A.V., said in a letter to the Finance Minister.
YES Bank Q4 results: Net loss widens to Rs 3,788 cr YoY; asset quality weakens
SECTIONS
YES Bank Q4 results: Net loss widens to Rs 3,788 cr YoY; asset quality weakensETMarkets.com
Last Updated: Apr 30, 2021, 07:16 PM IST
Share
Synopsis
The lender’s provisions in the quarter rose 7.5 per cent on-year to Rs 5,240 crore. On a sequential basis, provisions shot up 138 per cent.
Net interest income of the bank slumped 22.5 per cent on-year to Rs 987 crore, while non-interest income surged 37 per cent to Rs 816 crore.
Related
NSE
Explore Now
MUMBAI: YES Bank today reported a net loss of Rs 3,787.75 crore for the quarter ended March as against a net loss of Rs 3,668.3 crore in the year-ago quarter due to a rise in provisions.
/PRNewswire/ The Freedom Bank of Virginia (OTCQX: FDVA), (the "Bank" or "Freedom") today announced net income of $2,468,211, or $0.34 per diluted share, for.
Read more about Bank of Maharashtra net profit jumps to Rs 165 cr in March quarter on Business Standard. This was mainly due to a decline in gross NPAs
After witnessing a shrinkage in assets under management (AUM), in FY21, PNB Housing Finance (HF) is looking at single digit growth in AUM and a 15-16 per cent growth in disbursement in FY22. The emphasis will be on affordable housing sgement. The disbursement grew by 50 per cent to about Rs 3,900 crore in Q4FY21. The AUM growth would be in single digits in the current financial year and rise to double digits in the next year, company executives said in an analyst call after Q4FY21 results were announced. The Delhi-based mortgage lender s AUM shrank from Rs 83,346 crore as on March 31, 2020 to Rs 74,470 crore as on March 31, 2021. The loan book decreased from Rs 67,571 crore at end of March 2020 to Rs 62,256 crore at end of March 2021.