Recent Event Highlights: IDBI In Talks To Acquire A Bank, Dewan Housing Likely to Buy IDBI Home Finance, News Round UP: IDBI Bank to Sell IDBI Home Finance, IDBI Home Finance up for sale, IDBI Bank mulling merger of its home loan subsidiary, and 2 more...
Created by dipity on Apr 3, 2009
Last updated: 06/18/09 at 12:08 AM
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...and plans to be fifth largest by 2012 by using both organic and inorganic route. The bank will also finalise the sale of IDBI Home Finance to Dewan Housing Finance when it gets the government approval. The Wadhawan group promoted company has offered to buy...
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VC Circle
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http://www.vccircle.com/500/news/idbi-in-talks-to-acquire-a-bank
The IDBI Bank launched a three-day exhibition on housing finance named IDBI Bank Homes 2009 at Chennai Trade Centre recently
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...the country and had reported a 36.57% increase in net profit to Rs 22.07 crore for quarter-ended September 30, 2008. IDBI Home Finance would be a strategic fit for DHFL as both of them focus on lower-middle income group in tier-I and tier-II cities. Housing...
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VC Circle
http://www.vccircle.com/500/news/dewan-housing-likely-buy-idbi-home-finance
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...exchanges overseas as well. (Business Standard) IDBI Bank plans to sell its wholly owned housing finance subsidiary, IDBI Home Finance. The bank hopes to raise Rs 200 crore from the deal. IDBI Bank is in initial talks with companies such as Tata Capital, Edelweiss...
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VC Circle
http://www.vccircle.com/500/news/news-round-up-idbi-bank-sell-idbi-home-finance
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...Religare Enterprises as well as two private equity investors, said the person who asked not to be named. Interestingly, IDBI Home Finance was Tata Home Finance before being bought over from the Tata Group in September 2003. IDBI Bank is looking to sell the...
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Economic Times
http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/Finance/IDBI_Home_Finance_up_for_sale/rssarticleshow/3911376.cms
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...to consolidate its home loan finance business, IDBI Bank is mulling the merger or sale of its wholly-owned subsidiary, IDBI Homefinance (IHFL), by end-this fiscal, a top bank official said. "It doesn't make sense for both the bank and its subsidiary to sell...
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Times of India
http://economictimes.indiatimes.com/News/IDBI_Bank_mulling_merger_of_its_home_loan_subsidiary/rssarticleshow/3454689.cms
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...to better interest income, Chief Finance Officer L P Agarwal said. The advances rose by 18.4 per cent to Rs 62,471 crore. The home loan portfolio grew by 16.2 per cent to Rs 8,571.05 crore and expects to add loans worth Rs 5,000 crore in 2007-08. The aggregate...
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Business Standard
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=281918
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