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22-Jan2019

IDBI Bank trades in green on the bourses

IDBI Bank is currently trading at Rs. 56.85, up by 0.35 points or 0.62% from its previous closing of Rs. 56.50 on the BSE.

The scrip opened at Rs. 56.50 and has touched a high and low of Rs. 57.45 and Rs. 56.20 respectively. So far 57854 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.80 on 05-Mar-2018 and a 52 week low of Rs. 47.00 on 05-Jul-2018.

Last one week high and low of the scrip stood at Rs. 62.60 and Rs. 56.20 respectively. The current market cap of the bank is Rs. 39034.18 crore.

The promoters holding in the bank stood at 52.02%, while Institutions and Non-Institutions held 45.40% and 2.58% respectively.

IDBI Bank has received approval for the proposal to reinitiate divestment process of IDBI's stake in IDBI Federal Life Insurance Company. The Board of Directors of the company at their meeting held on January 21, 2019, approved the same.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.


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