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IDBI Bank Limited (IDBI.NS)
| Previous close | 90.35 |
| Open | 90.85 |
| Bid | 90.65 x 0 |
| Ask | 90.65 x 0 |
| Day's range | 90.00 - 91.25 |
| 52-week range | 52.55 - 98.70 |
| Volume | |
| Avg. volume | 15,027,324 |
| Market cap | 974.167B |
| Beta (5Y monthly) | 0.98 |
| PE ratio (TTM) | 18.27 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.00 (1.11%) |
| Ex-dividend date | 06 Jul 2023 |
| 1y target est | N/A |
- Reuters
India doesn't expect to complete sale of IDBI Bank this fiscal year
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.
- Reuters
India cenbank likely to complete vetting bidders for IDBI Bank by Oct-end - sources
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.
