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IDBI Bank slips with RBI imposing penalty on it

12 Apr 2018 Evaluate

IDBI Bank is currently trading at Rs. 70.55, down by 1.55 points or 2.15% from its previous closing of Rs. 72.10 on the BSE.

The scrip opened at Rs. 70.80 and has touched a high and low of Rs. 70.80 and Rs. 69.80 respectively. So far 4,03,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.80 on 05-Mar-2018 and a 52 week low of Rs. 50.25 on 14-Aug-2017.

Last one week high and low of the scrip stood at Rs. 75.10 and Rs. 69.80 respectively. The current market cap of the company is Rs. 18,629.00 crore.

The promoters holding in the company stood at 77.79%, while Institutions and Non-Institutions held 16.26% and 5.96% respectively.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3 crore on IDBI Bank, in exercise of powers vested in it under the provisions of the Banking Regulation Act, 1949, for non-compliance with the directions issued by on Income Recognition and Asset Classification (IRAC) norms.

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


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Company Name CMP
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