IDBI Bank Increases Interest Rates On Retail Term Deposits
IDBI Bank has notified a rise in interest rates of up to 25 basis points on term deposits of less than Rs 2 Crore. The increased rates would be effective across different tenors for domestic term deposits, Non-Resident Ordinary (NRO), and Non-Resident External (NRE) term deposits beginning June 15. Users may invest digitally using Internet banking and the GO Mobile+ App, rather than visiting one of the Bank's offices.
Tags: IDBI
Courtesy: Zee News
IDBI Bank No More Under RBI's PCA Framework After Improving Finances
The Reserve Bank of India (RBI) on March 10 stated that private lender IDBI Bank has been removed from its prompt corrective action (PCA) framework after four years. Reportedly, the IDBI's removal resulted from the bank's refined financial and credit profile, especially in regulatory capital, net non-performing assets, and leverage ratio. Besides enabling amplification of business, the freshly granted immunity may facilitate strategic… read-more
Tags: RBI, IDBI, private bank, PCA, NPAs, Government, Disinvestment
Courtesy: Business Standard