IDBI Bank up by 8% as divestment picks up
Sep 05, 2023, 16:15 IST
New Delhi, Sep 5 (IANS) IDBI Bank shares were up by more than 8 per cent in trade on Tuesday as the divestment process picked up the pace.
IDBI Bank shares were up 8 per cent at Rs 70.28 on BSE.
Vaibhav Vidwani, Research Analyst, Bonanza Portfolio said IDBI Bank will be strategically disinvested; hence the Central Government has requested bids to fill the position of asset valuer.
The deadline for submitting the proposals is October 9.
The asset valuer will provide the bank's assets and liabilities' fair market value. The valuation will take into account the bank's investments, loans & advances, deposits, borrowings, and other obligation.
Disclaimer: This story has not been edited by the Sakshi Post team and is auto-generated from syndicated feed.
Related news
More from section
Advertisement
Top Stories
Magnesium is a vital mineral your body needs for over 300 biochemical reactions. From supporting nerve and muscle function to maintaining a healthy heartbeat and strengthening bones, magnesium is essential for your overall well-being. Yet, many people unknowingly fall short of the recommended daily intake.
Why Magnesium Is Important:
Andhra Pradesh
Telangana
Politics
Entertainment
Crime
Video
