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Read more about As part of strategic disinvestment, govt, LIC to sell stakes in IDBI Bank on Business Standard. Quantum of stake sale to be decided while structuring the transaction ....
View: India s new bank for infra financing is clearly mandated to have a ‘developmental role’ And it finally gets an institutional structure that can be a receptacle to monetise global goodwill into friendly funding from all over the world. Synopsis As Nirmala Sitharaman let us know on Tuesday, it is to start with an equity base of Rs 20,000 crore the largest-ever institutional startup plus a one-time Rs 5,000 crore grant from the government. This will enable leveraging Rs 3 lakh crore additional funding for projects over the next three years. That is 12 times leveraging as a starting torque. Infrastructure financing is a unique animal. There are development, construction and operating risks in which existing financing institutions have demonstrated their inadequacies in handling all or most of the links in this chain. Infra financing is also about nation-building, large public works and ‘development projects’ that may not necessarily provide a financia ....
View: Is Development Finance Institution new wine from an old bottle? The idea of a development finance institution can be dismissed by some as old wine in a new bottle. But the nation could well savour it if the brew is different. Synopsis For any development finance institution to be viable, two things have to be in place funds that would be available for 10-15 years, and projects that earn income for the investing institution. The framework, as announced by Sitharaman on Tuesday, is sketchy for now. India’s quest for funds to build infrastructure is never ending. Over the decades, it has taken many forms, but almost every one of them ended up in failure. With Nirmala Sitharaman announcing on Tuesday that the Union Cabinet has cleared a Bill to set up a GoI-owned development finance institution (DFI), here comes another go at it. ....
India s earlier experience with bad banks seems to have left a feeling of skepticism. In 2004, when IDBI Limited s bad loans were bought out by a government fund, neither did the fund realise sufficient value from it, nor did IDBI Limited s lending record improve substantially. ....
India Business News: IDBI Bank has finally managed to get out of the Reserve Bank of India’s (RBI’s) watchlist for troubled banks after four years. With this, the bank is ....