In a rare instance of plainspeak by a banker, IDBI Bank, the lead lender of the Rs 2,000-crore western peripheral expressway, has blamed the developer's lack of commitment for the project being delayed by over four years with no completion in sight. The developer has strongly refuted charges of lack of commitment on its part.
Tag: IDBI Bank
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IDBI Bank issues long-term bonds worth $500 mn
Reports suggest that response for the latest long-term bond issue by the state-run IDBI Bank was robust with subscription five times the issue size. HSBC and Standard Chartered Bank were arrangers for the offering. Initially the indicative yield for bonds with tenure of five years and 10 months, was US treasury plus 315 basis points. Finally, it was fixed at T plus
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IDBI Bank reduces interest rates by 25 bps
Effective February 1, IDBI Bank reduced its deposit and lending rates by 25 basis points after the Reserve Bank of India (RBI) cut policy repo rate and banks' cash reserve ratio (CRR). In its third quarter review of monetary policy, RBI cut repo rate by 0.25 per cent and slashed CRR by the same margin to inject Rs 18,000 crore of liquidity into the syst
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EPC’s short term quality makes it attractive
Whether the defect liability clause is faulty or not, whether L-1 continues to be debated as the sole criterion in government awards
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Given banks' experience, it'd be advantageous for them to launch IDFs
How will banks respond to the IDF allowance by the government? BK Batra, Executive Director, IDBI Bank, explains that this well thought-out scheme nevertheless needs to be tweaked to be fully productive.
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New head at IDBI cap
IDBI Capital Market Services has appointed Abhay L Bongirwar as the Managing Director and CEO of IDBI Capital Market Services.
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India Infrastructure Finance 2010: Needed-A human face to infra lending
Infrastructure lending may need a more qualitative assessment approach, different from shorter-term, quantitatively evaluted funding, say experts.
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