IDBI Bank Share Price Today: IDBI Bank shares zoomed more than 10 per cent after reports emerged that the RBI is evaluating and conducting financial checks on potential bidders., Markets News, Times Now
IDBI Bank share price: On the earnings front, IDBI Bank reported a 60 per cent growth in net profit to Rs 927 crore in the third quarter that ended on December 31, 2022, against a profit of Rs 578 crore in the same period a year ago. The bank's net interest income (NII) improved by 23 per cent in Q3 FY23 to Rs 2,925 crore over Rs 2,383 crore recorded in the year-ago period.
Shares of IDBI Bank rose sharply during Friday's trading session after an important announcement related to its disinvestment. Here is all you need to know.
IDBI Bank share price: The government would sell a 30.48 per cent and Life Insurance Corporation (LIC) would offload a 30.24 per cent stake, aggregating to 60.72 per cent of the equity share capital of IDBI Bank.