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Government to sell its balance holding in IDBI Bank

03 Feb 2020 Evaluate

The government has proposed to sell its balance holding in IDBI Bank to private, retail and institutional investors through the stock exchange, in order to meet the need for greater private capital. The announcement has been made in Union Budget on February 01, 2020.

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 710.90
ICICI Bank 1355.20
Axis Bank 1264.30
Kotak Mahindra Bank 438.65
Indusind Bank 873.00
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