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IDBI Bank surges on entering into partnership with JISL

17 Jun 2013 Evaluate

IDBI Bank is currently trading at Rs 76.90, up by 0.20 points or 0.26% from its previous closing of Rs 76.70 on the BSE.

The scrip opened at Rs 77.05 and has touched a high and low of Rs 77.20 and Rs. 75.20 respectively. So far 122357 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 74.95 on 13-Jun-2013.

Last one week high and low of the scrip stood at Rs 79.40 and Rs 74.95 respectively. The current market cap of the company is Rs 10235.51 crore.

The promoters holding in the company stood at 71.72% while Institutions and Non-Institutions held 17.16% and 11.12% respectively.

IDBI Bank, the public sector lender has reportedly entered into partnership agreement with Jain Irrigation Systems (JISL) for financing Minor Irrigation Systems to farmers. This partnership will provides assistance to farmers across all the branches of the Bank wherever JISL has a dealer network. This partnership will help the farmers to enhance their acreage under irrigation with minimum use of available water resource.

JISL will help the bank in identifying eligible farmers with a requirement for micro irrigation systems, crop management services, etc. It is expected that a large number of farmers will be financed through this tie-up in the coming months as use of water-saving methods like drip and sprinkler irrigation method, are being encouraged by various State Governments.

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 1,111 branches and 1,762 ATMs.

IDBI Bank Share Price

75.07 0.78 (1.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
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Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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