Last 75.95 INR
Change Today -2.00 / -2.57%
Volume 4.3M
IDBI On Other Exchanges
Symbol
Exchange
Natl India
As of 6:29 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

idbi bank ltd (IDBI) Snapshot

Open
77.30
Previous Close
77.95
Day High
78.35
Day Low
75.65
52 Week High
06/9/14 - 116.50
52 Week Low
09/4/13 - 52.30
Market Cap
121.8B
Average Volume 10 Days
2.8M
EPS TTM
8.22
Shares Outstanding
1.6B
EX-Date
06/26/14
P/E TM
9.2x
Dividend
0.28
Dividend Yield
5.92%
Current Stock Chart for IDBI BANK LTD (IDBI)

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idbi bank ltd (IDBI) Details

IDBI Bank Limited provides banking and financial solutions to retail and corporate clients primarily in India. It offers savings and current accounts, corporate payroll accounts, and retail term and recurring deposits; and loans, such as home, auto, education, and personal loans, as well as loan against properties and securities. The company also provides fund based assistance, including term loans; short term loans; working capital; packing credit to exporters; receivable buyout with recourse; channel financing for dealers of corporates; scheme for financing automated teller machines (ATM)/cash dispense vendors; bill discounting; technology upgrading fund scheme for textile and jute industries; and lending to NBFC/housing finance companies and commercial real estate sector. In addition, it offers non-fund based assistance, such as bank guarantee/performance guarantee, letters of credit, and buyers credit; cash management services comprising collection and payment products, debt service products, virtual account system, and host to host connectivity services; treasury services, including call money/notice money/term money, commercial papers, certificate of deposits, government securities, treasury bills, corporate bonds, equities, remittances, currency forward contracts, long-term foreign exchange, currency options, swaps, and forward rate agreements; and trade finance services. Further, the company provides finance to micro, small, and medium enterprises; agriculture finance; environmental services; products and services for non-resident Indians; investment advisory services; demat accounts; debit and prepaid cards; merchant establishments’ overdraft; merchant products; ATM services; and Internet mobile, and SMS banking services. As of May 20, 2014, it had 1407 branches and 2414 ATMs. The company was formerly known as IDBI Ltd. and changed its name to IDBI Bank Limited in May 2008. IDBI Bank Limited was founded in 1964 and is headquartered in Mumbai, India.

15,264 Employees
Last Reported Date: 05/27/14
Founded in 1964

idbi bank ltd (IDBI) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

idbi bank ltd (IDBI) Key Developments

IDBI Bank Mulls Capital Raising

IDBI Bank Limited (BSE:500116) is looking to raise capital. M S Raghavan, Chairman and Managing Director of IDBI Bank Limited said, "We are also looking to beef up out Tier I capital through a rights issue or a qualified institutional placement of INR 20 billion and we would approach both domestic as well as international investors depending on the market conditions. We would be approaching the government to give permission to dilute its stake from 76.5% to 58% or 51%. We are looking to get INR 50 billion, depending on the extent of dilution."

IDBI Bank Limited Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2014

IDBI Bank Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported interest earned of INR 67,316.2 million against INR 67,283.9 million a year ago. Operating profit before provisions and contingencies was INR 9,269.0 million against INR 13,166.2 million a year ago. Profit from ordinary activities before tax was INR 1,507.4 million against INR 4,869.5 million a year ago. Net profit was INR 1,048.1 million against INR 3,069.5 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.66 against INR 2.30 a year ago. Operating profit was INR 9,290 million compared to INR 13,170 million a year ago. Interest Income has remained stagnant partly due to larger outstanding under RIDF and other PSL Linked Deposits.

IDBI Not To Merge With United Bank

IDBI Bank Limited (BSE:500116) clarified and confirmed that it has no plans to merge with United Bank of India (BSE:533171)

 

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IDBI:IN 75.95 INR -2.00

IDBI Competitors

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Company Last Change
ICICI Bank Ltd 1,557 INR +16.50
IFCI Ltd 33.60 INR -0.65
Mitsubishi UFJ Financial Group Inc ¥596.90 JPY -2.00
Mizuho Financial Group Inc ¥197.90 JPY +0.40
Sumitomo Mitsui Financial Group Inc ¥4,147 JPY -4.00
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