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IDBI Bank gets in-principle approval to divest 11.10% stake in NSDL

30 Mar 2022 Evaluate

IDBI Bank has received in-principle approval to divest bank's stake upto 11.10% of paid up share capital of National Securities Depository (NSDL) through market driven process in compliance of SEBI DP Regulation 2018. The board of directors of the bank at its meeting held on March 29, 2022 has approved the same.

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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