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IDBI Bank gains on entering into MoU with National Housing Bank

31 Aug 2015 Evaluate

IDBI Bank is currently trading at Rs. 60.00, up by 1.45 points or 2.48% from its previous closing of Rs. 58.55 on the BSE.

The scrip opened at Rs. 59.00 and has touched a high and low of Rs. 60.75 and Rs. 58.40 respectively. So far 2,56,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.80 on 17-Apr-2015 and a 52 week low of Rs. 52.45 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 67.10 and Rs. 52.45 respectively. The current market cap of the company is Rs. 9,623.00 crore.

The promoters holding in the company stood at 76.50%, while Institutions and Non-Institutions held 13.79% and 9.71% respectively.

IDBI Bank, a public sector lender, has entered into a memorandum of understanding (MoU) with National Housing Bank (NHB). This MoU is a part of the implementation process of the credit linked interest subsidy scheme under the Pradhan Mantri Awas Yojana (PMAY). The aim of the scheme is to address the funding requirements of the urban poor belonging to the Economically Weaker Section / lower income groups aspiring to acquire / construct residential houses. The subsidy at the rate of 6.5 percent would be available up to Rs 6 lakhs for the loan tenure up to a maximum period of 15 years.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation. This enables the Bank to offer personalized banking and financial solutions to its clients. IDBI Bank has one of the largest housing loan portfolios amongst PSBs and offers housing loans at base rate to its existing and new customers.


IDBI Bank Share Price

74.71 0.62 (0.84%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 811.65
ICICI Bank 1388.65
Axis Bank 1377.75
Kotak Mahindra Bank 381.50
Indusind Bank 856.45
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