IDBI Bank inches up on inking MOC with EXIM Bank for co-financing export-oriented companies

IDBI Bank Ltd. | Bank - Private | BFSI | BSE: 500116 | NSE: IDBI

22 Feb 2013 Evaluate

IDBI Bank is currently trading at Rs 96.90, up by 0.55 points or 0.57% from its previous closing of Rs 96.35 on the BSE.

The scrip opened at Rs 96.55 and has touched a high and low of Rs 97.40 and Rs 96.40 respectively. So far 12626 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 118.20 on 09-Jan-2013 and a 52 week low of Rs 82.10 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs.101.45 and Rs 95.55 respectively. The current market cap of the company is Rs 12317.57 crore.

The promoters holding in the company stood at 70.52% while Institutions and Non-Institutions held 17.85% and 11.63% respectively.

IDBI Bank has entered into a memorandum of cooperation (MOC) with EXIM Bank, wherein the bank and EXIM Bank would, co-finance, co-arrange, syndicate rupee and foreign currency loans, jointly finance export-oriented projects in India, provide/avail refinance facility in Indian Rupees and/or Foreign Currency for extending short term export credit and long term capex loans to eligible export-oriented companies, particularly in the SME sector.

Besides, both IDBI Bank and EXIM Bank would also co-operate in promotional activities, provide advisory services to assist each other’s clients and co-operate in training of each others’ staff members.

EXIM Bank is an apex financial institution fully owned by the Government of India, is engaged in financing, promoting and facilitating India’s international trade.

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 1,034 branches and 1,627 ATMs.

IDBI Bank Share Price

82.95 -1.68 (-1.99%)

19-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	780.00
ICICI Bank	1346.80
Axis Bank	1357.80
Kotak Mahindra Bank	398.90
Indusind Bank	947.90
View more..

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