IDBI Bank share price, privatisation: Today's buying momentum was driven by reports suggesting that the government is evaluating ways to revive investor interest in IDBI Bank.
Bank reports decline in profit due to weak non-interest income, even as net interest income rises and asset quality and capital adequacy improve
IDBI Bank on Thursday reported a 5 per cent decline in net profit to Rs 1,943 crore for the March quarter of FY 2025-26. The LIC-controlled bank had posted a net profit of Rs 2,051 crore in the year-ago period. Its net profit was impacted by a fall in operating profit to Rs 3,043 crore from Rs 3,195 crore a year ago. However, its total income rose to Rs 9,409 crore in the period under review from Rs 9,035 crore in January-March of the preceding fiscal. At the same time, interest income increased to Rs 7,798 crore during the period under review from Rs 6,979 crore in the corresponding quarter a year ago. The net interest income (NII) in the quarter also improved to Rs 3,851 crore compared to Rs 3,290 crore in Q4 FY25. On the asset quality side, the bank's gross non-performing assets (NPAs) improved to 2.32 per cent of gross advances as of March 31, 2026, from 2.98 per cent reported at the end of March 2025. Net NPAs remained flat at 0.15 per cent of the advances at the end of Mar
IDBI Bank disinvestment: FM Nirmala Sitharaman has said that the government will proceed with the stake sale in the lender.
IDBI Bank share price: Notably, the sentiment has been dented after the government's IDBI Bank privatisation bid failed, as the bids from two potential buyers were below the reserve price
A combined 44.31 million shares representing 7.8% of IDBI Bank's total free float equity, changed hands on the NSE and BSE in Tuesday's intra-day trade.
IDBI Bank share price today: The sell-off comes amid reports that the government could scrap the divestment plan after bids fell short of the reserve price
The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy
The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids put in by potential buyers were below the reserve price, sources said on Friday. The government and LIC were together looking to sell 60.72 per cent in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came in on February 6. Sources said the financial bids for the IDBI Bank strategic sale have come in lower than the reserve price set by the inter-ministerial group on disinvestment headed by secretaries in the finance ministry. According to sources, the bids for IDBI Bank have been opened and they were below the reserve price set by the IMG and agreed to by the core group on disinvestment, which is chaired by the Cabinet Secretary. Prem Watsa-led Fairfax and Emirates NBD are reported to have put in bids for the strategic sale of IDBI Bank. Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.
Since the start of the West Asia conflict, the Nifty Midcap and Smallcap indices have moved lower, mostly in line with the frontline Nifty 50, but with less intensity
Stocks to buy: Choice Equity Broking Technical Research Analyst Aakash Shah suggests Netweb Technologies, IDBI Bank, and SBI Life Insurance Company for buying
IDBI Bank stock has gained 13 per cent in February so far after the Union Budget rekindled hopes of disinvestment. Bonanza technical analyst expects the stock to target ₹125 - ₹130 in the near-term.
As many as a combined 41.5 million shares representing 7.3 per cent of total public shareholding of the IDBI Bank have changed hands on the NSE and BSE.
Stocks to buy today: Osho Krishan, chief manager - technical & derivatives research, Angel One, has recommended buying shares of IDBI Bank, and Inox Green Energy Services today
Coal India, IDBI Bank, Jindal Stainless, Ajanta Pharma and Graphite India were seen trading above the higher end of the Bollinger Bands backed by strong volume on charts.
The BSE 500 index hit a 52-week high at 37,771.93 on Friday, and stands 2.6 per cent away from it's all-time high of 38,740.08 touched on September 27, 2024.
IDBI Bank stock rose as much as 11.1 per cent during the day to ₹115.1 per share, the highest level since June 2014