Question: What Will Happen To IDBI Bank?

Is IDBI a good bank?

IDBI bank service is good and their response is prompt.

I have been using the credit card for more than one year.

Since I am holding salary account, they offered a card with life time free.

The credit limit is sufficient more than 50K..

What is the NPA amount of HDFC Bank?

In fiscal year 2020, the value of gross NPAs at HDFC Bank Limited across India amounted to 126 billion Indian rupees….Value in billion Indian rupeesFY 2020126.49FY 2019112.24FY 201886.07FY 201758.86Oct 16, 2020

How can I generate my IDBI ATM PIN?

Insert your Debit Card at IDBI Bank ATM.Post language selection, select Generate ATM PIN option.Select Generate OTP option to receive OTP & request ID on your registered Mobile number.Select Validate OTP and enter the OTP & Request ID received on your registered Mobile Number.More items…

Is IDBI bank safe now?

The IDBI Bank came under the PCA framework in May 2017 after a massive asset quality deterioration, losses in the books and lower capital levels. … The asset quality is still very bad. The gross NPAs are at 28.72 per cent for the third quarter of 2019-20.

Why IDBI Bank is in loss?

-hit for choosing lower tax option. IDBI Bank posted a net loss of ₹5,763 crore for the quarter ended December 31,2019 on account of a one- time hit of ₹6,273 crore for exercising the option for lower tax, compared with a loss of ₹4,185 crore reported during the same period of the previous year.

Who is the No 1 bank in India?

1 in India by Forbes; Surprise at No. 3; SBI not in top 10.

Is SBI bank safe?

“Take for instance, SBI which is amongst the top 100 banks of the world. It is as safe as it gets in terms of a bank. The m-cap ratio of SBI is an order of magnitude higher than the private sector banks which shows that m-cap ratio is a wrong measure to assess the safety of the bank,” Subramanian said.

Which is better SBI or IDBI?

IDBI Bank has an average customer ratings of 4.3, while SBI has an average customer rating of 4.2, based on which it is clear that IDBI Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank is in loss in India?

Bank of India tops the list with a Rs 3,571 crore loss, followed by Canara Bank (Rs 3,259 crore), Union Bank of India (Rs 2,503 crore), Central Bank of India (Rs 1,529 crore), Punjab National Bank (Rs 697 crore), Punjab & Sind Bank (Rs 236 crore) and Indian Bank (Rs 218 crore).

Which bank in India has highest NPA?

State Bank of India (SBI)Among the major public sector banks, State Bank of India (SBI) had the highest amount of NPAs at over Rs 1.86 lakh crore followed by Punjab National Bank (Rs 57,630 crore), Bank of India (Rs 49,307 crore), Bank of Baroda (Rs 46,307 crore), Canara Bank (Rs 39,164 crore) and Union Bank of India (Rs 38,286 crore).

What is the NPA of Yes Bank?

In a notice issued earlier, the bank had said that it has Gross NPA (GNPA) of Rs 32,344 crore. The bank has already made provisions for Rs 24,476 crore which represents 76 per cent of GNPA. GNPA on books post such provision, is now only Rs 7,868 crore.

Is IDBI Bank in loss?

MUMBAI : IDBI Bank on Saturday reported a net profit of ₹135 crore in the quarter ended March as against a loss of ₹4,918 crore for Q4FY19. It had posted a net loss for the past 13 quarters. However, net loss for the entire fiscal year 2019-20 stood at ₹12,887 crore against a loss of ₹15,116 crore in FY19.

Is Canara Bank going to merge?

Under the merger plans announced in August last year, Andhra Bank and Corporation Bank will merge into Union Bank of India; Syndicate Bank into Canara Bank; United Bank of India and Oriental Bank of Commerce will merge into Punjab National Bank and Allahabad Bank will merge with Indian Bank.

Is IDBI full form?

Industrial Development Bank of India (IDBI) was constituted under Industrial Development Bank of India Act, 1964 as a Development Financial Institution (DFI) and came into being as on July 01, 1964 vide GoI notification dated June 22, 1964.

Who is CEO of IDBI Bank?

Rakesh Sharma (Oct 10, 2018–)IDBI Bank/CEO

Is IDBI Bank going to merge?

This merger had made SBI stand among top 50 banks in the world. government’s plans to reduce its stake in IDBI Bank to less than 50%. (The first being State Bank of India). This new bank will have a combined asset of Rs 16.58 trillion.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Can I open FD in Yes Bank?

Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.

Is IDBI Bank is Nationalised bank?

It thus officially entered the world of banking titled IDBI Ltd. … The RBI has re-categorized IDBI Banks as a Private Sector Bank following this move. Therefore, we can see that IDBI Bank is NOT a nationalised bank as the greater portion of its shares is now privately owned by LIC.

Is IDBI private or government bank?

The Reserve Bank reclassified IDBI Bank as a private sector lender for regulatory purposes in January, after LIC acquired a 51% stake in the bank by infusing around ₹20,800 crore. The government now holds a 46.46% stake in the bank.