SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IDBI Bank climbs on entering into MOU with CARE

09 Jan 2012 Evaluate

IDBI Bank is currently trading at Rs. 84.20, up by 0.85 points or 1.02% from its previous closing of Rs. 83.35 on the BSE.

The scrip opened at Rs. 83.55 and has touched a high and low of Rs. 84.60 and Rs. 82.15 respectively. So far 1,29,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 155.50 on 25-Jan-2011 and a 52 week low of Rs. 77.15 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 84.90 and Rs. 77.15 respectively. The current market cap of the company is Rs. 8,290.00 crore.

The promoters holding in the company stood at 65.13% while Institutions and Non-Institutions held 18.81% and 16.05% respectively.

IDBI Bank has entered into a memorandum of understanding (MOU) with credit rating agency, Credit Analysis and Research (CARE) for utilising the ratings for evaluating its existing as well as potential Micro, Small and Medium Enterprises (MSME) clients.

The bank would get help in its credit decisions by the ratings assigned from CARE which in turn will help the bank’s customer too benefit in terms of reduced pricing and organised information flow.

IDBI Bank has a large portfolio of MSME sector units and is desirous of expanding its lending to this MSME sector in view of the fact that this sector is a key driver of Indian economy in terms of contribution to GDP, employment and exports and also the pronouncements in the Government's MSME policy.

IDBI Bank Share Price

72.91 -0.51 (-0.69%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 754.55
ICICI Bank 1252.30
Axis Bank 1252.40
Kotak Mahindra Bank 381.35
Indusind Bank 902.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×