Rakesh Bansal of R K Global has a buy call on IDBI Bank with a target price of Rs 100-110. The current market price of IDBI Bank is Rs 72.15. Time period given by the analyst is 9 months (December 2018) when IDBI Bank price can.
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Shares of Bank of India and Bank of Baroda were also in the red around that time. NEW DELHI: Majority of PSU bank stocks were trading in the negative terrain in morning trade on Monday. Shares of IDBI Bank (down 4.16 per cent),
IDBI Bank raised Rs7,881cr through capital infusion from the government. This would allow the bank to agree on the haircuts needed to achieve successful resolution by state-owned banks in resolving the bad loan problem and meet.
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Mumbai: The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3.
Shares of the Mumbai-based IDBI Bank recovered partly in the mid-morning trades on Wednesday after tumbling 3.5% on Rs 772 crore fraud in the PSU Bank involving the illegal issuance of loans from five branches in Andhra Pradesh.
The RBI on Wednesday said it has imposed a penalty of Rs 30 million on IDBI Bank for non-compliance with the directions issued by it on income recognition.
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The Reserve Bank of India on Wednesday imposed a fine of Rs 3 crore on IDBI.
Shares of IDBI Bank fell to 1-week low as the Reserve Bank of India has imposed a penalty of Rs 3 crore ($458,715.60) on the bank for failing to comply with the Income Recognition and Asset Classification norms The stock dropped as.
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NEW DELHI: Shares of IDBI Bank today plunged over 5 per cent after the company said the CBI has registered cases in the two of the five complaints with regard to loans aggregating to Rs 772 crore for pisciculture. The company’s stock.
Mumbai (Maharashtra) [India], Apr. 12 (ANI): The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans. In an official notice, the RBI.
** India cenbank has written to finance ministry expressing concern over "the poor financial position" of IDBI Bank, asking the govt to take remedial action, the Economic Times reported last week here ** IDBI Bank said on Tuesday.
In a bid to come out of the restrictive ‘prompt corrective action’, IDBI Bank has set in motion a host of turnaround measures, including reducing bad loans and maximising recoveries, focussing more on retail loans, cutting down on.
Industrial Development Bank of India (IDBI) Bank has recently released a.
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