IDBI SHARE PRICE SHOWS A RISING TREND

During the past few days there was a substantial rise in IDBI Share Price. If we look at the values on 29th June the share price read at Rs. 68.30 and went up to Rs. 69.60 on 30th June and gradually increased. As on 31 March 2016, Government of India held 73.98% shares in IDBI Bank and Life Insurance Corporation of India held approximately 14.37% of the shares.

ABOUT IDBI:

The motto of the bank is to be the most trusted and liked bank upgrading value for all stakeholders. IDBI Bank is today one of India's largest commercial Banks. The Industrial Development bank of India (IDBI) was constituted under Industrial Development bank of India Act, 1964 as a Development Financial Institution and came into existence as on July 01, 1964. It was considered as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank.

Based in Mumbai, IDBI Bank today boasts of a robust business strategy, a highly competent and dedicated workforce and a state-of-the-art information technology platform, to structure and offer personalized and out of the box banking services and customized financial solutions to all its clients across various delivery channels.

As an Universal Bank, IDBI Bank, beyond its core banking and project finance sphere, has a rooted presence in associated financial sector businesses like Capital Market, Investment Banking and Mutual Fund Business. Also, IDBI Bank has whole heartedly pledged to work towards developing as the 'Bank of choice' and 'the most valued financial conglomerate', besides generating wealth and value to all its stakeholders.

IDBI’S MOTTO:∑ Providing customers with excellent service and thorough suite of best-in-class financial

solutions.∑ Reforming the lives of people with their expanding retail footprint as well as maintaining

their excellence on corporate and infrastructure financing.They are committed to act in an ethical, transparent and responsible manner, in order to become the role model for corporate governance.

∑ Expanding world class technology, systems and processes to better the business efficiency and exceed customer’s expectations.

∑ Promising a positive, dynamic and performance-driven work culture to train the employees and build a passionate and committed work force.

∑ Spreading their presence globally.

IDBI’s Share Price Performance

The 52 week high and low of IDBI share price has been Rs. 95.70 (03-Dec-15) and Rs.47.25 (12-Feb-16).The Support and Resistance level of IDBI can be checked at IDBI share price forecast page of their website.