
Why IDBI Bank shares are trading higher today
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
SEBI has given nod to reclassification of the government’s shareholding in IDBI Bank as ‘public’ post its stake sale in the lender.
The board of SBI is scheduled to meet on January 3 to consider and approve a proposal to raise up to ₹10,000 crore through infrastructure bonds.
The PSU bank to raise up to ₹1,500 crore this fiscal, with a base issue size of ₹500 crore and a green shoe option of up to ₹1,000 crore.
The DIPAM on Wednesday extended the deadline to submit bids for the privatisation of IDBI Bank to January 7, 2023, from December 16, 2022.
The public sector bank has turned into a multibagger stock and has risen from ₹20.8 to ₹40.9 in just nine sessions, delivering 97% return during this period.
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
State Bank of India posted its highest ever standalone quarterly net profit at ₹13,265 crore in Q2 FY23, driven by strong loan growth and improved asset quality.
SBI Q1 profit dropped 6.7% YoY to ₹6,068 cr as losses in treasury portfolio impacted state-owned bank’s non-interest income
Post Q4 results, SBI share price plunged 7.75% from the day’s high as top and bottom line growth failed to meet market estimates.
This largecap bank shares have hit a two-year high of ₹118.35 intraday today on the back of strong December quarter earnings.