IDBI Bank Ltd

FM Sitharaman to take stock of the progress made by banks in achieving targets set for the various government schemes, banks would be asked to focus on the areas highlighted by the Budget

The transaction also covers LIC Mutual Fund Trustee’s trusteeship rights over IDBI MF schemes

Zee Entertainment was part of a debt service reserve account guarantee agreement with IndusInd Bank for a term loan facility availed by Siti Networks.

BSE, CDSL, RVNL, PC Jeweller, Muthoot Finance, broking stocks, Aurobindo Pharma, NTPC, Adani Power, Adani Wilmar, 3M India, Cummins India, Equitas Bank, Escorts, Eureka Ind, Gati, Godrej Agro, GTL, GTL Infra, Midhani, Minda Corp, Samvardhana Motherson, Piramal Enterprises, Tracxn Technologies, Trent

Likely to retain IDBI Bank as subsidiary

Acquires exposure to Jaypee Infratech aggregating about ₹9,200 crore at a 55 per cent haircut

Buoyed by growth in net interest income, fall in loan-loss provisions, and lower tax expenses

22 CPSEs returned to profit from loss in FY22, shows report

With govt stake to be ‘public’, post divestment, bidders ‘ready’ to offer 7-10% premium

The government and LIC’s current shareholding in IDBI Bank are at 45.48 per cent and 49.24 per cent, respectively.

IDBI Bank, Reliance, RVNL, Mukand, Pokarna, RHI Magnesita, L&T, M&M, Kewal Kiran

Market regulator eases LODR norms relating to reclassification