IDBI Bank is currently trading at Rs. 91.50, up by 0.80 points or 0.88% from its previous closing of Rs. 90.70 on the BSE.
The scrip opened at Rs. 91.25 and has touched a high and low of Rs. 92.40 and Rs. 91.25 respectively. So far 133610 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.25 on 08-Jul-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. 93.95 and Rs. 88.30 respectively. The current market cap of the company is Rs. 14146.02 crore.
The promoters holding in the company stood at 70.52% while Institutions and Non-Institutions held 17.35% and 12.13% respectively.
IDBI Bank has formed consortium with other PSU lenders for jointly financing infrastructure projects with project cost of Rs 1,000 crore and above. The other PSU lenders to form the consortium with IDBI Bank are SBI, PNB, Bank of India, Bank of Baroda, Canara Bank, Union Bank, IIFCL and LIC.
These 9 largest PSU lenders met on June 19, 2012 to discuss the detailed framework and the modalities for joint financing of viable infrastructure projects. The consortium aims to speed up the sanction process, bring uniformity in the approach and terms of lending; thereby facilitate early financial closure of the infrastructure project.
IDBI Bank is the youngest new generation public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 980 branches and 1579 ATMs.
| Company Name | CMP |
|---|---|
| HDFC Bank | 795.40 |
| ICICI Bank | 1356.00 |
| Axis Bank | 1353.65 |
| Kotak Mahindra Bank | 379.20 |
| Indusind Bank | 852.10 |
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