| Purpose | Announcement Date | Ex-Date | Record Date | Dividend Amount | Dividend per Share | Remark |
|---|---|---|---|---|---|---|
| Dividend | 4 May 2024 | 16 Jul 2024 | 16 Jul 2024 | 1.5 | 15 | Final |
| Atatched herewith outcome of Board Meeting with respect to Dividend and Audited Results. the Board of Directors have recommended a Dividend of Rs. 1.50 per Equity Share of face value of Rs. 10/- each of the Bank for the financial year ended March 31, 2024. The dividend on equity shares, will be paid/despatched on or after the same is approved by the shareholders at the ensuing Annual General Meeting (AGM) of the Bank | ||||||
Gross NPA increased to ₹7,653.1 Crore from ₹7,795.4 Crore in the previous quarter, but net NPA decreased to ₹401.6 Crore from ₹453.6 Crore.
The sale of the impaired portfolio represents a 10.5% recovery for IDBI Bank, which will be shown in its second-quarter profits.
The government might receive more than ₹31,700 crore from the sale of a 30.48% stake in IDBI Bank, according to Wednesday's BSE share price.
The privatisation of IDBI Bank has been anticipated for years, with market watchers closely monitoring the central bank's assessment of bidders.
The government and the Life Insurance Corporation (LIC) own 94.72% of IDBI Bank, with LIC owning 49.24% and the government owning 45.48%.
Quarter-on-quarter (QoQ) growth in total business was 1.13%, reaching ₹4,71,563 Crore in Q1 FY25 from ₹4,66,278 Crore on 31 March 2024.
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