IDBI Bank Limited (IDBI.BO)
| Previous Close | 77.03 |
| Open | 78.00 |
| Bid | 76.32 x 0 |
| Ask | 77.80 x 0 |
| Day's Range | 75.65 - 78.19 |
| 52 Week Range | 59.70 - 107.98 |
| Volume | |
| Avg. Volume | 535,102 |
| Market Cap | 822.129B |
| Beta (5Y Monthly) | 0.90 |
| PE Ratio (TTM) | 12.16 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.50 (1.95%) |
| Ex-Dividend Date | Jul 16, 2024 |
| 1y Target Est | N/A |
- Reuters
Analysis-Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say. The rare opportunity for foreign banks to take controlling stakes in a market dominated by state-owned banks comes as existing investors in Yes Bank and IDBI Bank look to divest their holdings. Banking sector deals in India, especially those involving foreign entities, are rare.
- Reuters
India cenbank identifies eligible bidders for IDBI Bank stake sale - sources
The Reserve Bank of India has completed its review of potential buyers for a majority stake in IDBI Bank, approving Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank as bidders, three sources aware of the development said on Thursday. The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corp of India which holds 49.24%, together plan to sell 60.7% of the lender. The finance ministry, RBI, Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank did not immediately reply to Reuters emails seeking comments.
