IDBI Bank shares rise over 3% after Q4 net profit jumps 64%

The bank's net interest income (NII) improved by 35.53% during the fourth quarter of FY23 to ₹3,280 crore, as against ₹2,420 crore in the same period last fiscal. The bank's net interest margin came in at 5.01% in the March quarter, compared to 3.97% in Q4 FY22 and 4.59% in Q3 FY23.

IDBI Bank shares soar over 5% as DIPAM rejects reports of delay in divestment plan

The Department of Investment and Public Asset Management (DIPAM) clarified that the $4 billion privatization of IDBI Bank is on track, after reports of possible deferment. The stock has declined by nearly 6.67 percent in the last one month.

IDBI Bank Q3 net profit jumps 60% to ₹972 crore

IDBI Bank, for which the government and the LIC have invited bids to sell a majority stake, had a net profit of ₹578 crore in the October-December quarter of 2021.

IDBI Bank records a new 52-week high as the bidding process moves to 2nd stage

On Saturday, January 7, the Centre received multiple expressions of interests (EoIs) from domestic and foreign investors for the 60.72% stake in IDBI Bank, which will go to the successful bidder along with management control.

IDBI Bank: Govt gets multiple preliminary bids for buying 61% stake

The government and LIC together are looking to sell 60.72 per cent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or preliminary bids was set at December 16, which was later extended to January 7.

Sebi permits govt stake in IDBI Bank to be classified as 'public' post divestment

Government extends bid submission deadline till Jan 7 for IDBI Bank sale

<ul><li>The government and LIC together are looking to sell 60.72 percent of IDBI Bank and had invited bids from potential buyers in October.</li></ul>

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IDBI Bank logs best-ever quarterly net income at ₹828 crore

The management of the bank, which is on the block for full privatisation, on Friday said the performance, has been driven by all-round good show such as massive spike in the margins and steep fall in cost of funds, improvement in asset quality and loan sales.

India kicks off bank divestments with IDBI stake sale

State-owned Life Insurance Corporation of India will be diluting its holding in IDBI Bank as part of the sale process with the total stake sale comprising a 30.48% stake from the government and a 30.24% stake from LIC.

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IDBI Bank shares rise over 3% after Q4 net profit jumps 64%

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