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Why is 500116 up 5.56%?
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500116:BOM
IDBI Bank Ltd
₹86.77
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+5.56%(+4.57) 1D
Oct 1, 3:59:45 PM GMT+5:30 · INR
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All symbols
| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for 500116...
Open
₹82.19
High
₹87.41
Low
₹81.40
Mkt. cap
932.99B
Avg. vol.
1.09M
Volume
2.30M
P/E ratio
10.01
52-wk high
₹118.45
52-wk low
₹61.05
EPS
₹8.67
Shares outstanding
3.08B
No. of employees
19K
Open
₹82.19
High
₹87.41
Low
₹81.40
Mkt. cap
932.99B
Avg. vol.
1.09M
Volume
2.30M
P/E ratio
10.01
52-wk high
₹118.45
52-wk low
₹61.05
EPS
₹8.67
Shares outstanding
3.08B
No. of employees
19K
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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