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CRISIL downgrades rating of IDBI Bank’s Upper Tier II bonds

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Credit rating agency, CRISIL has downgraded the rating on the Upper Tier II bonds (under Basel II) and Tier I Perpetual bonds (under Basel II) of IDBI Bank to ‘A-‘from ‘A’ and placed the ratings on Rating Watch with Developing Implications because of the weak capital ratios of the bank, which impedes its ability to … Read more

IDBI Bank’s Q2 net loss widens to Rs 3,602 crore

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IDBI Bank has reported results for second quarter ended September 30, 2018. The Bank has reported a net loss of Rs 3,602.49 crore for the quarter under review as compared to net loss of Rs 197.84 crore for the same quarter in the previous year. Total income of the Bank decreased by 25.78% at Rs … Read more