Company Profile

IDBI BANK LTD.

NSE : IDBIBSE : 500116ISIN CODE : INE008A01015Industry : Bank - PrivateHouse : IDBI
BSE38.20-0.65 (-1.67 % )
PREV CLOSE (Rs.) 38.85
OPEN PRICE (Rs.) 39.40
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1613664
TODAY'S LOW / HIGH (Rs.)38.00 39.40
52 WK LOW / HIGH (Rs.)19.2 55.75
NSE38.20 -0.65 (-1.67 % )
PREV CLOSE(Rs.) 38.85
OPEN PRICE (Rs.) 39.20
BID PRICE (QTY) 38.20 (2326 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 11715937
TODAY'S LOW / HIGH(Rs.) 38.05 39.35
52 WK LOW / HIGH (Rs.)19.2 56.2

Company News

Date Heading Details
11-May-2021 IDBI Bank informs about board meeting <p align="justify">In terms of Regulation 29(1)(d) of the SEBI (LODR) Regulations, 2015, IDBI Bank has informed that the Board Meeting of the bank to be held on Saturday, May 15, 2021 will consider the proposal for approval of Notice of the 17th Annual General Meeting of the Bank which includes the following as one of the items of business for the AGM: To pass enabling Special Resolution in terms of Section 62(1)(c) of the Companies Act, 2013 for issue of equity capital through various modes.</p><p align="justify">The above information is a part of company's filings submitted to BSE.</p>
11-May-2021 Board Meeting Intimation for Passing Enabling Resolution At The 17Th AGM Of The Bank IDBI BANK LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2021 ,inter alia, to consider and approve the proposal for approval of Notice of the 17th Annual General Meeting of the Bank which includes the following as one of the items of business for the AGM: (i) To pass enabling Special Resolution in terms of Section 62(1)(c) of the Companies Act, 2013 for issue of equity capital through various modes. Kindly acknowledge receipt and take the above on record.
06-May-2021 CCEA gives in-principle approval for strategic disinvestment in IDBI Bank <p align="justify">The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank. The extent of respective shareholding to be divested by the GoI and LIC, shall be decided at the time of structuring of transaction in consultation with the RBI.</p><p align="justify">The Government of India (GoI) and the LIC together own more than 94 per cent of equity of IDBI Bank, with the Centre holding 45.4 per cent and the LIC owning 49.24 per cent stake. LIC is currently the promoter of IDBI Bank with management control and the Centre is the co-promoter.</p><p align="justify">IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.<br></p>
06-May-2021 IDBI Bank unveils video-based customer identification process <p align="justify">IDBI Bank has declared video-based customer identification process, in line with the RBI's decision to allow banks to accept the method due to the coronavirus posed challenges to the economy.<br></p><p align="justify">In an unscheduled announcement, RBI Governor Shaktikanta Das directed banks and other regulated financial entities not to impose any punitive restriction against customers for failure to update KYC till December end, in view of the second wave of coronavirus cases.</p><p align="justify">The regulator also extended the scope of video KYC (know-your-customer) or V-CIP (video-based customer identification process) for new categories of customers such as proprietorship firms, authorised signatories and beneficial owners of legal entities.<br></p><p align="justify">IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.<br></p>
06-May-2021 IDBI Bank surges on getting CCEA's in-principle approval for strategic disinvestment <p align="justify">IDBI Bank is currently trading at Rs. 40.75, up by 2.80 points or 7.38% from its previous closing of Rs. 37.95 on the BSE.<p align="justify">The scrip opened at Rs. 41.90 and has touched a high and low of Rs. 43.50 and Rs. 40.15 respectively. So far 8297998 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.75 on 07-Jul-2020 and a 52 week low of Rs. 19.20 on 19-May-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 43.50 and Rs. 34.55 respectively. The current market cap of the company is Rs. 43816.04 crore.<p align="justify">The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 1.71% and 3.58% respectively.<p align="justify">The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank. The extent of respective shareholding to be divested by the GoI and LIC, shall be decided at the time of structuring of transaction in consultation with the RBI.<p align="justify">The Government of India (GoI) and the LIC together own more than 94 per cent of equity of IDBI Bank, with the Centre holding 45.4 per cent and the LIC owning 49.24 per cent stake. LIC is currently the promoter of IDBI Bank with management control and the Centre is the co-promoter.<p align="justify">IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.</p>
06-May-2021 Strategic Disinvestment And Transfer Of Management Control In The Bank Strategic Disinvestment and transfer of Management Control in the Bank - As per attachment
04-May-2021 IDBI Bank reports around 4-fold jump in Q4 consolidated net profit <p align="justify">IDBI Bank has reported results for fourth quarter and year ended March 31, 2021.<p align="justify">The bank has reported around 4-fold jump in its net profit at Rs 512.20 crore for the quarter under review as compared to Rs 135.39 crore for the same quarter in the previous year. Total income of the bank increased by 0.54% at Rs 6,962.59 crore for Q4FY21 as compared Rs 6,924.94 crore for the corresponding quarter previous year.<p align="justify">On the consolidated basis, the bank has reported around 4-fold jump in its net profit after minority interest and share of loss in associate at Rs 629.05 crore for the quarter under review as compared to Rs 163.60 crore for the same quarter in the previous year. Total income of the bank increased by 0.59% at Rs 7,052.18 crore for Q4FY21 as compared Rs 7,010.74 crore for the corresponding quarter previous year.<p align="justify">For the year ended March 31, 2021, the bank has reported net profit of Rs 1,359.46 crore against net loss of Rs 12,887.34 crore for the previous year. Total income of the bank decreased by 2.92% at Rs 24,556.93 crore for year under review as compared to Rs 25,295.47 crore for year ended March 31, 2020.<p align="justify">For the year ended March 31, 2021, on the consolidated basis, the bank has reported a net profit after minority interest and share of loss in associate of Rs 1,513.97 crore against net loss of Rs 12,835.24 crore for the previous year. Total income of the bank decreased by 2.68% at Rs 24,803.63 crore for year under review as compared to Rs 25,485.45 crore for year ended March 31, 2020.</p>
04-May-2021 IDBI Bank shines on reporting around 4-fold jump in Q4 consolidated net profit <p align="justify">IDBI Bank is currently trading at Rs. 37.50, up by 1.30 points or 3.59% from its previous closing of Rs. 36.20 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 37.45 and has touched a high and low of Rs. 38.00 and Rs. 36.75 respectively. So far 1794684 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.75 on 07-Jul-2020 and a 52 week low of Rs. 19.20 on 18-May-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 38.00 and Rs. 34.55 respectively. The current market cap of the company is Rs. 40106.46 crore.<br></p><p align="justify">The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 1.71% and 3.58% respectively.</p><p align="justify">IDBI Bank has reported results for fourth quarter and year ended March 31, 2021.</p><p align="justify">The bank has reported around 4-fold jump in its net profit at Rs 512.20 crore for the quarter under review as compared to Rs 135.39 crore for the same quarter in the previous year. Total income of the bank increased by 0.54% at Rs 6,962.59 crore for Q4FY21 as compared Rs 6,924.94 crore for the corresponding quarter previous year.</p><p align="justify">On the consolidated basis, the bank has reported around 4-fold jump in its net profit after minority interest and share of loss in associate at Rs 629.05 crore for the quarter under review as compared to Rs 163.60 crore for the same quarter in the previous year. Total income of the bank increased by 0.59% at Rs 7,052.18 crore for Q4FY21 as compared Rs 7,010.74 crore for the corresponding quarter previous year.</p><p align="justify">For the year ended March 31, 2021, the bank has reported net profit of Rs 1,359.46 crore against net loss of Rs 12,887.34 crore for the previous year. Total income of the bank decreased by 2.92% at Rs 24,556.93 crore for year under review as compared to Rs 25,295.47 crore for year ended March 31, 2020.</p><p align="justify">For the year ended March 31, 2021, on the consolidated basis, the bank has reported a net profit after minority interest and share of loss in associate of Rs 1,513.97 crore against net loss of Rs 12,835.24 crore for the previous year. Total income of the bank decreased by 2.68% at Rs 24,803.63 crore for year under review as compared to Rs 25,485.45 crore for year ended March 31, 2020.<br></p>
04-May-2021 IDBI Bank submits newspapers publication <p align="justify">In terms of Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IDBI Bank has enclosed a copy of the advertisement published in newspapers in respect of Audited Financial Results of the Bank for the quarter and year ended March 31, 2021.</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>
03-May-2021 IDBI Bank informs about investor Presentation <p align="justify">In continuation of Bank's letter dated April 26, 2021 advising the exchange about a conference call with Shareholders/ Investors/ Analysts for Financial Results for Q4 for FY 2020-21 proposed to be held at 5 pm on May 03, 2021, IDBI Bank has informed that it has enclosed a copy of the Presentation being provided to the Shareholders/ Investors/ Analysts. Take the information on record in terms of SEBI (LODR) Regulations, 2015.</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>