Previous close | 89.66 |
Open | 90.33 |
Bid | 85.83 x 0 |
Ask | 85.93 x 0 |
Day's range | 85.05 - 91.25 |
52-week range | 53.07 - 98.70 |
Volume | |
Avg. volume | 797,395 |
Market cap | 923.846B |
Beta (5Y monthly) | 0.98 |
PE ratio (TTM) | 15.97 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.00 (1.12%) |
Ex-dividend date | 06 Jul 2023 |
1y target est | N/A |
The Indian government does not expect to conclude the sale of IDBI Bank by the end of the financial year on March 31, 2024, a top finance ministry official told reporters. The federal government, which owns 45.48% of IDBI Bank, and state-owned Life Insurance Corp of India, which holds 49.24%, together plan to sell 60.7% of the lender. Kotak Mahindra Bank, Canadian billionaire Prem Watsa-backed CSB Bank and Emirates NBD have submitted initial bids for a majority stake in IDBI Bank and the Reserve Bank of India (RBI) has been vetting bidders since April.
India's central bank is expected to accelerate a key process of vetting IDBI Bank's potential buyers and complete it by October end, helping speed up the sale of a majority stake in the lender, two government sources said. The federal government, which owns 45.48% of IDBI Bank, and the state-owned Life Insurance Corp of India, which holds 49.24%, together plan to sell 60.7% of the lender. The Reserve Bank of India (RBI) began the vetting process known as 'fit and proper criteria' in April, after Kotak Mahindra Bank, the Prem Watsa-backed CSB Bank and Emirates NBD submitted their initial bid to acquire a majority stake in IDBI Bank.