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IDBI Bank gains on the buzz of planning to sell Rs 5,000 crore NPAs

09 Jun 2017 Evaluate

IDBI Bank is currently trading at Rs. 59.70, up by 0.35 points or 0.59% from its previous closing of Rs. 59.35 on the BSE.

The scrip opened at Rs. 59.40 and has touched a high and low of Rs. 59.95 and Rs. 58.75 respectively. So far 108041 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.50 on 06-Feb-2017 and a 52 week low of Rs. 58.75 on 09-Jun-2017.

Last one week high and low of the scrip stood at Rs. 61.45 and Rs. 59.20 respectively. The current market cap of the company is Rs. 12270.54 crore.

The promoters holding in the company stood at 73.98%, while institutions and non-institutions held 17.94% and 8.08% respectively.

IDBI Bank, which is battling losses and a mountain of non-performing assets (NPAs), is reportedly planning to augment its capital base through sale of non-core assets valued at about Rs 5,000 crore. The bank has already received capital infusion of Rs 1,900 crore from the government.

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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