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14h agoIDBI Bank advances as stake sale interest gathers pace
IDBI Bank shares climbed about four percent after reports indicated Canada based Fairfax Financial is leading interest in the government’s planned stake sale. The lender reported a second quarter net profit of roughly ₹1,200 crore, with net interest margins holding steady near 4.1 percent. Improved asset quality and sustained profitability have strengthened investor expectations around valuation in the divestment process.
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neutral
14h agoIDBI Bank advances as stake sale interest gathers pace
IDBI Bank shares climbed about four percent after reports indicated Canada based Fairfax Financial is leading interest in the government’s planned stake sale. The lender reported a second quarter net profit of roughly ₹1,200 crore, with net interest margins holding steady near 4.1 percent. Improved asset quality and sustained profitability have strengthened investor expectations around valuation in the divestment process.
Explore:Mutual Fund AI Screening
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IDBI Bank shares rose on stake sale optimism, supported by steady margins and improved quarterly profitability.
IDBI Bank shares climbed about four percent after reports indicated Canada based Fairfax Financial is leading interest in the government’s planned stake sale. The lender reported a second quarter net profit of roughly ₹1,200 crore, with net interest margins holding steady near 4.1 percent. Improved asset quality and sustained profitability have strengthened investor expectations around valuation in the divestment process.
IDBI Bank shares climbed about four percent after reports indicated Canada based Fairfax Financial is leading interest in the government’s planned stake sale. The lender reported a second quarter net profit of roughly ₹1,200 crore, with net interest margins holding steady near 4.1 percent. Improved asset quality and sustained profitability have strengthened investor expectations around valuation in the divestment process.
Dec 15, 2025 • 09:00