IDBI Bank Q4 earnings: The banking stock rose 4.25% to Rs 93.21 on Monday against the previous close of Rs 89.41 on BSE. Market cap of the lender stood at Rs 97,879 crore
Why IDBI Bank share rose 17% in early trade
IDBI Bank share price opened 17.36 per cent higher at Rs 44.80 against previous close price of Rs 38.25 on strong volume after RBI removed the lender from the prompt corrective action framework
BusinessToday.In | March 12, 2021 | Updated 10:23 IST
IDBI Bank shares opens 17.36% higher at Rs 44.80
Share of IDBI Bank opened 17 per cent higher at Rs 44.80 on the Bombay Stock Exchange after Reserve Bank of India (RBI) removed the lender from the prompt corrective action framework, subject to certain conditions and continuous monitoring. The stock of IDBI Bank has rallied 54 per cent in last one month and 156 per cent from its 52-week low of Rs 17.5, touched on March 13, 2020.