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IDBI Bank is engaged in the business of Monetary intermediation of commercial banks, saving banks, postal savings bank and discount houses.
IDBI Bank Limited has received a strike notice from employee unions supporting various demands, which may impact near-term operational activities and branch services.
The Exchange has sought clarification from IDBI Bank Limited with respect to recent news item captioned Fairfax plans IIFL Finance exit to fund IDBI Bank bid. The response from the Company is attached.
IDBI Bank's Executive Director, Shri Sunit Sarkar, has stepped down from his Senior Management role due to superannuation. This marks a change in the bank's top leadership structure.
ICRA has reaffirmed IDBI Bank's long-term debt instruments at `[ICRA]AA` with a Stable outlook, and its certificate of deposit programme at `[ICRA]A1+`. This reflects the bank's improving core operating profitability, strong capitalisation, and continued recoveries from legacy stressed assets. Strong deposit base and manageable credit costs also supported the reaffirmation.