IDBI Bank gains on launching eSBTR for on-line payment of Stamp Duties, Registration fees

IDBI Bank Ltd. | Bank - Public | BFSI | BSE: 500116 | NSE: IDBI

IDBI Bank is currently trading at Rs. 66.75, up by 0.40 points or 0.60% from its previous closing of Rs. 66.35 on the BSE.

The scrip opened at Rs. 66.20 and has touched a high and low of Rs. 67.00 and Rs. 66.20 respectively. So far 12,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.20 on 09-Jan-2013 and a 52 week low of Rs. 66.00 on 29-Jul-2013.

Last one week high and low of the scrip stood at Rs. 73.50 and Rs. 66.00 respectively. The current market cap of the company is Rs. 8,896.00 crore.

The promoters holding in the company stood at 71.72% while Institutions and Non-Institutions held 17.06% and 11.22% respectively.

IDBI Bank in partnership with the Government of Maharashtra has launched the Electronic Secured Bank Treasury Receipt (eSBTR) Project for on-line payment of Stamp Duties & Registration fees. The eSBTR system was inaugurated by Chief Minister of Maharashtra at IDBI Bank, Mumbai, on July 26, 2013.

eSBTR system would provide various benefits such as Single window payment of Stamp Duty and Registration Fee; On-line payment (no more queues and waiting in Bank Branches and adhering to Stamp Hours, Payment facility available on 24 x 7 x 365 basis) Payment without any ceiling, Ease of operation and convenience, etc.

The customer can log onto the website of the authorized bank, click the link for payment of stamp duty/Registration Fees, entering the necessary details and paying the duty through the internet banking account.

Date: 30-07-2013
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