Question: What Is The Future Of IDBI Bank?

What is the salary of Po in IDBI Bank?

IDBI Bank PO Salary in DetailsBasic Salary14400Grade Allowances2425Conveyance4077Mobile bill60Total43553 before deduction in semi-urban areas.6 more rows•Jun 12, 2019.

Which bank in India gives highest salary?

STATE BANK OF INDIASTATE BANK OF INDIA (SBI) SBI, also holds the glory of being the highest paying public sector bank in India and because of this job at the State Bank of India truly lucrative, which is considerably more than that offered by the competitor banks.

What is salary of assistant manager in IDBI Bank?

A: The basic pay is INR 23,000, or monthly in-hand salary would be around INR 25,000 to INR 30,000. The pay scale is as follows: INR 23700-980(7)-30560-1145(2)-32850-1310(7)-42020(17 years). The gross salary for IDBI Bank Assistant manager ranges from INR 55000 to INR 60000 per month. Q.

Which is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Is it safe to invest in IDBI Bank?

Bank account holders operating savings account in IDBI often migrate to better instruments of investment. … For instance, IDBI fixed deposit plans are safe and generally provide better returns than a standard savings account.

Is IDBI Bank going to merge?

The government is considering merging at least four state-run banks as part of a larger consolidation plan – triggered by rising bad loans. The banks that could face the merger are: Bank of Baroda, IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India, according to a report in the Mint.

Why IDBI Bank is in loss?

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. As on March 31, the bank had made Covid-19 related provisions of ₹247 crore in Q4 FY20 against standard assets.

Is IDBI govt or private bank?

In a circular, the central bank said that 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.

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.

Who is the owner of IDBI Bank?

Life Insurance CorporationIDBI Bank/Parent organizations

Is money safe 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.

Who is CEO of IDBI Bank?

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

What will happen to IDBI Bank?

Loss-making IDBI Bank has been picked as the first public sector lender in which the government will divest its entire ownership, finance minister Nirmala Sitharaman told Parliament on Saturday. … The government now plans to sell its remaining equity in the secondary market.

Is IDBI bank in trouble?

IDBI Bank, which has been reporting losses for the past four fiscal years, reported another loss in this quarter. The bank’s bad loans have grown by more than four times over the past five years, leading to huge losses.

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.