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Top News In இட்பி வங்கி பகிர் ப்ரைஸ் Today - Breaking & Trending Today

Stock News: IDBI Bank Zooms 7% On Cabinet Nod For Strategic Stake Sale

IDBI Bank: The centre and LIC together own more than 94 per cent equity in the bank, with the centre owning 45.48 per cent and LIC owning 49.24 ....

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IDBI Bank Share Price News: IDBI Gains After Profit Nearly Triples In March Quarter

IDBI Bank s gross non-performing assets as a percentage of total advances came in at 22.37%.
Shares of the state-run lender IDBI Bank rose as much as 5 per cent to hit an intraday high of Rs 37.10 on the BSE after it reported March quarter earnings. IDBI Bank s net profit more than tripled to Rs 512 crore compared with Rs 135.39 crore during the same period last year. Massive jump in IDBI Bank s profit came on account of negative provisions worth Rs 1,119.65 crore for non-performing assets and improvement in operating profit, majorly driven by increase in non-interest income, the bank said in an investor presentation. ....

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IDBI Bank jumps 8% as Cabinet may soon consider disinvestment proposal

Read more about IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal on Business Standard. The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year ....

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Stocks to watch: IDBI Bank, M&M, Prestige Estates, SBI Life, Quick Heal

Here are key stocks that are likely to sway the market today:
IDBI Bank: The bank has been taken out of PCA framework by the RBI. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.
JSW Steel: The company posted a marginal decline of 1 per cent in its crude steel output at 13.06 lakh tonnes (LT) in February this year.
Max Healthcare: The company has raised Rs 1,200 crore via qualified institutional process.
Quick Heal Technologies: The board has approved buyback of 63.26 lakh shares for up to Rs 1,550 crore at a price of Rs 245 per share. ....

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Why IDBI Bank share rose 17% in early trade- Business News

Why IDBI Bank share rose 17% in early trade
IDBI Bank share price opened 17.36 per cent higher at Rs 44.80 against previous close price of Rs 38.25 on strong volume after RBI removed the lender from the prompt corrective action framework
BusinessToday.In | March 12, 2021 | Updated 10:23 IST
IDBI Bank shares opens 17.36% higher at Rs 44.80
Share of IDBI Bank opened 17 per cent higher at Rs 44.80 on the Bombay Stock Exchange after Reserve Bank of India (RBI) removed the lender from the prompt corrective action framework, subject to certain conditions and continuous monitoring. The stock of IDBI Bank has rallied 54 per cent in last one month and 156 per cent from its 52-week low of Rs 17.5, touched on March 13, 2020. ....

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