Breakout stocks: IDBI, Bandhan Bank, Exide Industries, Finolex Industries and Nava have recently witnessed a breakout on their respective technical charts; here's a strategy to trade.
Dipam Secretary Arunish Chawla said IDBI Bank privatisation should conclude by March 2026 as bidders complete due diligence, with FY26 disinvestment proceeds set to exceed targets
The government, in partnership with LIC, plans to sell a 60.72% stake in IDBI Bank. Financial bids are expected by Q3FY26, with the transaction to be completed by FY26
National Securities Depository Ltd (NSDL) is set to launch its Initial Public Offering (IPO) on July 30, with the issue size pegged at around Rs 4,000 crore. The depository's maiden public issue will conclude on August 1. The one-day bidding for anchor investors is scheduled to open on July 29, according to the Red Herring Prospectus (RHP). The IPO only consists of Offer For Sale (OFS) component of 5.01 crore shares and those selling shares under this are -- the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. Market sources have pegged the IPO size to around Rs 4,000 crore. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. The listing of NS
Net interest income (NII) declined by two per cent YoY to ₹3,166 crore in Q1 FY26, compared to ₹3,233 crore in Q1 FY25, the bank said in a statement
Operating profit increased by 13% in Q1FY26 to ₹2,354 crore as against ₹2,076 crore in Q1FY25
Q1 FY26 company results, July 21: Havells India, Oberoi Realty, CRISIL, UCO Bank, PNB Housing Finance, and DCM Shriram will release their April-June quarter earnings reports today
Among the said list of companies, Computer Age Management Services has declared the highest dividend, announcing a final dividend of ₹19 per share for financial year 2024-25 (FY25)
So far this calendar year, IDBI Bank shares have experienced a robust double-digit drop of 30.5 per cent.
State-run banks, led by SBI, plan to raise ₹450 billion via QIP in FY26, with the government also targeting stake sales in multiple PSU banks by October
"All things have at the high pace and IDBI bank will be completed by October 2025," said the official.
According to reports, the Government could soon finalise a share purchase agreement with potential buyers for the divestment of IDBI Bank
Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements
Public stocks are a very good hedge in anyone's portfolio because the government is behind them. We enforce fair dividend norms very strictly, Chawla said
The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement
Non-interest income boosts bottom line; margins under pressure
IDBI Bank on Monday reported 26 per cent increase in net profit at Rs 2,051 crore for the March quarter of FY25. The LIC-controlled bank had posted a net profit of Rs 1,628 crore for the year-ago period. Total income rose to Rs 9,035 crore in the period under review from Rs 7,887 crore in the January-March period of previous fiscal. Interest income marginally declined to Rs 6,979 crore during the period under review from Rs 6,990 crore in the corresponding quarter a year ago. In the 2024-25 fiscal, net profit rose 33 per cent to Rs 7,515 crore as compared to Rs 5,634 crore in the previous year. Total income during the financial year rose to Rs 33,826 crore from Rs 30,037 crore in FY24. On the asset quality side, the bank's gross Non-Performing Assets (NPAs) were reduced to 2.98 per cent of gross advances as of March 31, 2025, compared to 4.53 per cent by the end of March 2024. Net NPAs also came down to 0.15 per cent of the advances over 0.34 per cent a year ago. The board of I
Q4 FY25 company results today: Aditya Birla Sun Life AMC, Adani Total Gas, AWL, Castrol, and IIFL Securities will be among 49 firms to post earnings reports for the January-March quarter on April 28
Lender discontinues two tenures, announces new terms for other products
Section 10A of the IBC temporarily suspended the initiation of the insolvency process for defaults from March 25, 2020 to March 25, 2021 (a year) to provide relief to borrowers during COVID-19