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Why is IDBI down 2.19%?
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IDBI:NSE
IDBI Bank Ltd
₹82.28
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-2.19%(-1.84) 1D
Oct 19, 3:30:00 PM GMT+5:30 · INR
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| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for IDBI...
Open
₹83.94
High
₹84.75
Low
₹81.99
Mkt. cap
884.71B
Avg. vol.
20.92M
Volume
9.91M
P/E ratio
9.49
52-wk high
₹118.38
52-wk low
₹61.01
EPS
₹8.67
Shares outstanding
3.08B
No. of employees
19K
Open
₹83.94
High
₹84.75
Low
₹81.99
Mkt. cap
884.71B
Avg. vol.
20.92M
Volume
9.91M
P/E ratio
9.49
52-wk high
₹118.38
52-wk low
₹61.01
EPS
₹8.67
Shares outstanding
3.08B
No. of employees
19K
News stories
From web sources and news partners
Financial Post
·
4 hours ago
Fairfax’s Watsa bets on IDBI payoff as India booms, report says
TradingView
·
7 hours ago
IDBI Bank shares delivered almost no returns in 20 years. Can Fairfax deal finally turn stock around? Experts weigh in
Big News Network.com
·
2 days ago
IDBI Bank Q2 profit falls 39% on high base, underlying earnings rise 14%
Yahoo Finance
·
3 days ago
Fairfax India Holdings (TSX:FIH.U) Stock May Be 19% Undervalued On IDBI Bank Plans
Profile
Industrial Development Bank of India or IDBI is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964, IDBI as a development finance institution, which provided financial services to industrial sector.
In 2005, the institution was merged with its subsidiary commercial division, IDBI Bank, and was categorised as "Other Public Sector Bank" category. Later in March 2019, Government of India asked LIC to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Consequent upon LIC acquiring 51% of the total paid-up equity share capital, the bank was categorised as a 'Private Sector Bank' for regulatory purposes by Reserve Bank of India with effect from 21 January 2019. IDBI was put under Prompt Corrective Action of the Reserve Bank of India and on 10 March 2021 IDBI came out of the same. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India vide its communication F.No. Wikipedia
About IDBI Bank Ltd