By Admin 
IDBI Bank Share: There has been a big fall in the shares of IDBI Bank since last one week. The situation is that it has crashed by about 35 percent from its recent highest level of Rs 118.5. With this, the share has also reached very close to its 52-week lowest level of Rs 72.04.
Last Monday (March 16), the shares fell by about 15-16 percent in just one session. Due to this huge fall in the shares, more than Rs 18500 crore has been wiped off the market value of the bank. This has also troubled investors.
Why are shares falling?
The uncertainty surrounding the privatization of the bank is a major reason for this. The government and the Life Insurance Corporation of India (LIC) were thinking of selling most of their stake in the bank. However, it is now being told that the government has postponed the decision to sell its 60.72 percent stake in the bank for the time being. There was a rise in the shares for a long time in the hope of privatization of the bank, but now suddenly after the news of the deal getting stuck, the selling of shares intensified.
However, the bank has said that no official information has been received yet about the cancellation of the government process for privatization of the bank. Apart from this, the decline in the net interest margin (NAM) of the bank and a stagnation in profits are also a reason for investors to be disappointed.
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