Hot Pursuit     17-Jan-25
IDBI Bank shares surge on disinvestment update
Shares of IDBI Bank jumped 5.67% to Rs 84.05 following the company's clarification that the strategic disinvestment process is actively underway.
The bank on Thursday emphasized that the entire disinvestment process is being managed by the Department of Investment and Public Asset Management (DIPAM).

This clarification came after media reports suggested that the state-run lender has progressed to the next stage of its divestment process. According to these reports, the process advisor, KPMG, is expected to submit closing diligence soon. This crucial step will enable potential bidders to formulate their financial bids. The bidding process is anticipated to be completed by the next fiscal year.

IDBI Bank offers a wide range of products from savings and current bank account to loans for retail and msme customers or agri loans to farmers.

The bank’s standalone net profit jumped 34.3% to Rs 1,860.80 crore while total income grew by 24.8% to Rs 8,812.79 crore in Q2 September 2024 over Q2 September 2023.

Previous News
  Board of IDBI Bank approves change in LIC Nominee Director
 ( Corporate News - 28-Jan-25   14:30 )
  IDBI Bank
 ( Results - Analysis 20-Jan-25   20:40 )
  IDBI Bank gains as Q3 PAT climbs 31% YoY; board OKs to sell stake in PIPDIC
 ( Hot Pursuit - 20-Jan-25   15:54 )
  IDBI Bank consolidated net profit rises 29.14% in the December 2024 quarter
 ( Results - Announcements 20-Jan-25   15:40 )
  IDBI Bank receives ratings action from ICRA
 ( Corporate News - 17-Jan-25   19:32 )
  IDBI Bank shares surge on disinvestment update
 ( Hot Pursuit - 17-Jan-25   17:14 )
  IDBI Bank declare Quarterly Result
 ( Corporate News - 14-Jan-25   14:12 )
  IDBI Bank reports 13% YoY growth in total business in Q3 FY25
 ( Hot Pursuit - 04-Jan-25   15:38 )
  Board of IDBI Bank approves raising LT bonds of Rs 10,000 cr
 ( Corporate News - 31-Dec-24   15:03 )
  Board of IDBI Bank to consider annual borrowing limit up to Rs 10,000 cr for FY25 and FY26
 ( Corporate News - 23-Dec-24   15:57 )
  Stock Alert: IDBI Bank, Reliance Inds, Aurobindo Pharma, Ultratech Cements,IOCL
 ( Market Commentary - Stock Alert 23-Dec-24   08:26 )
Other Stories
  Shipping Corp Q3 PAT drops 44% YoY to Rs 76 cr
  08-Feb-25   15:44
  Honeywell Automation PAT rises 3% YoY to Rs 132 cr in Q3
  08-Feb-25   14:35
  Oil India Q3 PAT slides 23% YoY to Rs 1,222 crore
  08-Feb-25   13:01
  Delhivery Q3 PAT climbs 113% YoY to Rs 25 cr
  08-Feb-25   11:56
  LIC Q3 PAT rises 17% YoY to Rs 11,056 cr
  08-Feb-25   11:12
  Fortis Healthcare Q3 PAT climbs 84% YoY to Rs 248 cr
  08-Feb-25   08:59
  Balrampur Chini declines as Q3 PAT slides 23% YoY to Rs 70 crore
  07-Feb-25   16:55
  NOCIL slumps after Q3 PAT slips 57% YoY to Rs 13 crore
  07-Feb-25   16:15
  Bikaji Foods slides as Q3 PAT drops 39% YoY to Rs 29 cr
  07-Feb-25   15:35
  DCX Systems drops after Q3 PAT slides 25% YoY to Rs 10 crore
  07-Feb-25   15:34
Back Top