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IDBI Bank trades with traction on the bourses

14 Jun 2016 Evaluate

IDBI Bank is currently trading at Rs. 69.25, up by 2.60 points or 3.90% from its previous closing of Rs. 66.65 on the BSE.

The scrip opened at Rs. 67.45 and has touched a high and low of Rs. 69.60 and Rs. 66.85 respectively. So far 683767 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.70 on 03-Dec-2015 and a 52 week low of Rs. 47.40 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 69.60 and Rs. 64.55 respectively. The current market cap of the company is Rs. 13938.18 crore.

The promoters holding in the company stood at 73.98% while Institutions and Non-Institutions held 18.61% and 7.41% respectively.

In order to expand its banking activities in unbanked and under-banked areas, IDBI Bank, the public sector lender has unveiled ‘IDBI Express’, a banking solution which allows customers to bank at their chosen time and place beyond banking hours, without having to visit the Bank branch. This landmark initiative facilitates basic banking services to all its customers. IDBI Express will act as an assisted touch point of the Bank by reaching out to the customers beyond the normal banking hours thereby enhancing the ease of banking.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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