idbi bank

The government has revived the strategic sale of its stake in idbi bank, along with LIC's holding, after previous bids were rejected. A fresh valuation is underway, with officials considering whether to re-engage existing bidders or restart the process to expedite the sale and maintain investor confidence.

Kotak Mahindra Bank is exploring Deutsche Bank's retail business, having exited the idbi bank acquisition due to valuation concerns. CEO Ashok Vaswani emphasized that any deal must align strategically, be financially sound, and manageable. The bank reported a 13.4% year-on-year profit increase for the March quarter, driven by robust loan expansion and reduced provisions.

idbi bank has opened online applications for 33 Specialist Officer (SO) posts for FY 2026-27, including DGM, AGM, Manager, and Junior Assistant Manager. The recruitment covers audit, risk management, IT & MIS, and security roles across India. Eligibility varies by post, with age limits from 24 to 50 years. The selection involves shortlisting, Group Discussion, Personal Interview, document verification, and medical tests. Today, April 8, 2026, is the last date to apply online.

idbi bank has released admit cards for Junior Assistant Manager (JAM) Grade ‘O’ recruitment 2026, with exams set for April 12. Over 1,100 vacancies are available. The selection involves an online test, document verification, interview, and medical test. Candidates need a Bachelor's degree and meet age and percentage criteria. Selected individuals will earn ₹6.14-6.50 lakh annually.

idbi bank SO Recruitment 2026: idbi bank has announced Specialist Officer recruitment for FY 2026–27 under Advertisement No. 8/2025-26, offering 33 vacancies across roles such as DGM, AGM, Manager, and JAM. The application process runs from March 25, 2026, to April 08, 2026. Posts span IT, risk management, audit, and security. Selection involves shortlisting, GD, and PI. Eligibility varies by post, including qualifications, experience, and age limits, with final selection based on GD and interview performance.

idbi bank will close registrations for over 200 Assistant Manager posts on March 19, 2026. Graduates aged 20–25 are eligible to apply. The selection process includes an online test followed by an interview. Applicants must complete the form via the official website and review detailed eligibility criteria before submission.

The registration for idbi bank's Junior Assistant Manager (JAM) Grade ‘O’ recruitment 2026-27 closes today, March 19, 2026. Aspiring candidates can apply online for 1,100 vacancies, with an online exam scheduled for April 12, 2026. The selection process involves an online test, document verification, personal interview, and a medical test.

idbi bank will close registrations for its Junior Assistant Manager (JAM) Grade ‘O’ recruitment on March 19, 2026, concluding a major hiring drive offering 1,100 vacancies across key cities. The selection process, featuring an online test and interview, will move swiftly, with the examination scheduled for April 12, signalling accelerated hiring amid rising demand for banking professionals.

A Ten-Year Long Drive Raises Questions Over Process, Future Disinvestment Plans

idbi bank has opened online registrations for 1,100 Junior Assistant Manager (JAM) Grade ‘O’ positions, with applications accepted from March 8 to March 19, 2026. The recruitment process involves an online test on April 12, 2026, followed by document verification and an interview. Eligible candidates with a Bachelor's degree and meeting age criteria can apply.

idbi bank is hiring 1300 new employees. There are 1100 Junior Assistant Manager posts and 200 Assistant Manager roles available. Applications open on March 8, 2026, and close on March 19, 2026. Candidates need a bachelor's degree. The selection involves an online exam and an interview. Visit idbibank.in for details.

State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in idbi bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said. The official said that since the commencement of the idbi bank privatisation process in May last year, the share price has jumped from Rs 35 a share to Rs 45 a piece currently.

The government is likely to waive some tax norms for the buyer of idbi bank in a bid to attract more suitors for a majority stake sale in the lender, two government sources said on Tuesday, after the Centre extended the deadline for initial bids.

Large corporates have been disallowed from being even a minority shareholder in consortium wanting to bid for 61 per cent stake in idbi bank, as the current RBI norms bar industrial houses from becoming bank promoters, an official said.

While a final decision is yet to emerge on whether LIC would be snapping up over 50 per cent stake in idbi bank, official sources said the preliminary contours of such a plan is being worked out.

"idbi bank has been categorised as a 'private sector bank' for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon LIC acquiring 51 per cent of the total paid-up equity share capital of the bank," RBI said in a statement.

The government had on October 7 invited bids for privatising idbi bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution.

The financial bids for idbi bank privatisation is likely to be invited by March and the conclusion of the sale process is expected in the next financial year, officials said. Last week, the government along with Life Insurance Corporation (LIC) invited preliminary bids for selling 60.72 per cent stake in idbi bank. The last date for putting in Expression of Interest (EoI) is December 16.

The government is in talks with the market regulator seeking to relax a key public shareholding norm for the potential buyer of idbi bank in a bid to attract a larger pool of suitors, according to two sources.

LIC holds 7.98 per cent stake in the debt-ridden public sector bank, at present. "The Bank has received a letter dated August 28, 2018 from LIC giving their in principle approval for subscription of the equity shares on preferential basis subject to their total exposure not exceeding 14.90 per cent of post issue capital of idbi bank at any point of time," idbi bank said in a regulatory filing.

State-owned LIC has been looking to enter the banking space by acquiring majority stake in idbi bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

idbi bank on Friday reported its 12th successive quarterly loss of Rs 3,458 crore for the quarter ended September 2019, marginally lower than the loss of Rs 3,602 crore in the corresponding quarter of the previous year, and a loss of Rs 3,800 crore in the preceding quarter ended June 2019.