IDBI Bank is an Indian government-owned financial service company, headquartered in Mumbai, India. It is owned by the Government of India and is one of the largest commercial banks in India. IDBI Bank offers banking and financial services including corporate banking, retail banking, and various other financial services.
It also has a presence in over 1000 cities and towns in India and has a network of over 1,800 branches and more than 3,000 ATMs. IDBI Bank has a wide range of products and services. These include savings accounts, fixed deposits, current accounts, loans, credit cards, and debit cards. It also offers a range of insurance products and mutual fund investments.
IDBI Bank is one of the few banks in India that is actively involved in micro-finance activities. The bank has a dedicated department to cater to micro-finance customers.
Stock History of IDBI Bank
IDBI Bank was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in 2004. Since then, its stock has seen a consistent rise and fall, with prices ranging from Rs. 20 to Rs. 70. The current market capitalization of the bank is Rs. ₹ 91,836 crores. IDBI Bank has also been included in the Nifty 50. It is currently trading at around Rs. ₹85.4.
IDBI Bank Q3 FY23-24 Results Highlights
- IDBI Bank’s Q3 FY 2023-24 net profit surged by 57.2% to Rs 1,458.18 crore.
- Significant improvement in asset quality, with gross NPA reduced to 4.69% from 13.82% YoY.
- Shares rose by 3.32%, reflecting investor confidence in the bank’s performance.
- Operational metrics showed positive trends, with Net Interest Income up 17% to Rs 3,435 crore.
- Net Interest Margin stood at 4.72% for Q3-2024, indicating profitability from core activities.
- Total deposits grew by 11% YoY to Rs 2,58,525 crore, showcasing continued stability and growth.
To buy IDBI Bank shares in India, you need to open a Demat account with a registered stock broker. Once you have opened the account, you can transfer money from your bank account to the broker’s account. After that, you can place an order to buy the shares online or through a broker. Once your order is executed, the shares will be transferred to your Demat account. You can then hold the shares in your Demat account and sell them when you want. Some of the online platforms selling IDBI Bank shares are Zerodha, Groww, 5paisa, and Upstox.
| When | Maximum Price | Minimum Price |
| January 2024 | 88.56 | 77.01 |
| February 2024 | 90.37 | 78.58 |
| March 2024 | 92.21 | 80.18 |
| April 2024 | 89.53 | 77.85 |
| May 2024 | 88.20 | 76.70 |
| June 2024 | 91.38 | 79.46 |
| July 2024 | 90.46 | 78.66 |
| August 2024 | 94.08 | 81.81 |
| September 2024 | 97.85 | 85.08 |
| October 2024 | 95.93 | 83.42 |
| November 2024 | 98.81 | 85.92 |
| December 2024 | 101.28 | 88.07 |
In January, the IDBI Bank witnessed a maximum price of 88.56 and a minimum price of 77.01. The trend continued in February with the maximum and minimum prices reaching 90.37 and 78.58, respectively. March saw a further increase, reaching a maximum of 92.21 and a minimum of 80.18. However, April experienced a slight dip with the maximum and minimum prices dropping to 89.53 and 77.85.
May 2024 maintained a relatively stable range, with the maximum at 88.20 and the minimum at 76.70. June witnessed a notable rise, reaching a maximum of 91.38 and a minimum of 79.46. July and August continued the upward trajectory, with the maximum prices hitting 90.46 and 94.08, and the minimum prices at 78.66 and 81.81, respectively.
September marked a significant surge in both maximum and minimum prices, reaching 97.85 and 85.08. The trend persisted in October with the maximum and minimum prices at 95.93 and 83.42. November and December saw the highest values for the year, with maximum prices peaking at 98.81 and 101.28, and minimum prices at 85.92 and 88.07, respectively. Overall, 2024 showcased a fluctuating yet generally upward trajectory for IDBI Bank’s stock prices throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 103.30 | 79.46 |
| February 2025 | 105.95 | 81.50 |
| March 2025 | 110.08 | 84.68 |
| April 2025 | 107.92 | 83.02 |
| May 2025 | 104.78 | 80.60 |
| June 2025 | 109.50 | 84.23 |
| July 2025 | 107.35 | 82.58 |
| August 2025 | 110.67 | 85.13 |
| September 2025 | 114.54 | 88.11 |
| October 2025 | 117.52 | 90.40 |
| November 2025 | 120.46 | 92.66 |
| December 2025 | 123.47 | 94.98 |
In January, IDBI Bank’s stock exhibited a maximum price of 103.30 and a minimum price of 79.46. The positive trend continued into February, with the maximum and minimum prices rising to 105.95 and 81.50, respectively. March saw a further increase in both ends of the spectrum, reaching a maximum of 110.08 and a minimum of 84.68.
April experienced a minor decline, with the maximum and minimum prices at 107.92 and 83.02. May 2025 maintained a relatively stable range, recording a maximum of 104.78 and a minimum of 80.60. The positive momentum resumed in June, witnessing a peak maximum of 109.50 and a minimum of 84.23.
July and August continued the upward trajectory, with the maximum prices hitting 107.35 and 110.67, and the minimum prices at 82.58 and 85.13, respectively. September marked a significant surge in both maximum and minimum prices, reaching 114.54 and 88.11. The trend persisted in October, with the maximum and minimum prices at 117.52 and 90.40.
November and December concluded the year with the highest values, showcasing a maximum of 120.46 in November and 123.47 in December, and minimums of 92.66 and 94.98, respectively. Overall, 2025 witnessed a generally positive trend for IDBI Bank’s stock prices, reflecting a series of incremental increases throughout the year.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹102.60 | ₹71.82 |
| 2027 | ₹112.86 | ₹79.01 |
| 2028 | ₹158.01 | ₹79.01 |
| 2029 | ₹136.81 | ₹68.40 |
| 2030 | ₹177.85 | ₹124.49 |
IDBI Bank’s future share price projections from 2026 to 2030 indicate a potential upward trend. The estimated maximum and minimum prices for each year are as follows: ₹102.60 to ₹71.82 in 2026, ₹112.86 to ₹79.01 in 2027, ₹158.01 to ₹79.01 in 2028, ₹136.81 to ₹68.40 in 2029, and ₹177.85 to ₹124.49 in 2030.
These projections suggest an overall positive outlook, reflecting potential growth in the bank’s market valuation over the specified period. Investors may use these figures as a reference, considering various market factors and the bank’s performance in their long-term investment strategies.
IDBI Bank Financial Condition: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Revenue (Rs. Crores) | 22,102 | 20,854 | 19,956 | 18,316 | 20,592 |
| Interest (Rs. Crores) | 16,162 | 13,841 | 11,408 | 9,122 | 9,130 |
| Expenses (Rs. Crores) | 24,118 | 24,097 | 11,551 | 11,178 | 11,850 |
| Financing Profit (Rs. Crores) | -18,178 | -17,084 | -3,003 | -1,984 | -389 |
| Financing Margin (%) | -82% | -82% | -15% | -11% | -2% |
| Other Income (Rs. Crores) | 3,535 | 4,631 | 4,848 | 4,959 | 4,617 |
| Depreciation (Rs. Crores) | 370 | 394 | 397 | 417 | 499 |
| Profit Before Tax (Rs. Crores) | -15,013 | -12,847 | 1,449 | 2,557 | 3,728 |
| Tax (%) | 0% | 0% | 0% | 0% | 0% |
| Net Profit (Rs. Crores) | -14,970 | -12,819 | 1,532 | 2,557 | 4,801 |
| EPS (Rs.) | -19.37 | -12.36 | 1.41 | 2.36 | 3.45 |
| Dividend Payout (%) | 0% | 0% | 0% | 29% | – |
Over the last five years, IDBI Bank’s financial condition has witnessed fluctuations. Revenue declined from Rs. 22,102 crores in 2019 to Rs. 18,316 crores in 2022, with a subsequent recovery to Rs. 20,592 crores in 2023. The interest expenses saw a consistent decrease, dropping from Rs. 16,162 crores in 2019 to Rs. 9,130 crores in 2023. Despite facing negative financing profits and margins in earlier years, there has been a notable improvement, moving from -82% in 2019 to -2% in 2023. The bank’s ability to generate income from other sources remained relatively stable. Notably, a dividend payout of 29% marked a shift in 2023, indicating a positive turn in financial performance.
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FAQs
It is anticipated that the price of IDBI Bank shares will increase in 2024, due to its current performance and increased need for banking services. The bank is expected to benefit from the government’s initiatives to support financial inclusion and the rising demand for digital banking services, in addition to its strong presence in retail banking and corporate banking.
What is the market capitalization of IDBI Bank?
As of January 30th, 2024, IDBI Bank has a market cap of Rs. ₹91,836 Crore.
At this time, it is not likely that the price of IDBI Bank shares will reach Rs. 300 by the end of 2030.
The bank’s share price is currently trading at around Rs. 63.6, and it is expected to increase gradually over time.
However, the share price is subject to market conditions and the performance of the bank. It is therefore not possible to predict whether or not IDBI Bank share price will reach Rs. 300 in the future.
Can IDBI reach 500INR?
I do not think IDBI bank can touch 500INR in next 10 years. For IDBI to touch 500INR, shares need to grow by more than 10 times, which does not look like a near possibility.
Conclusion
In conclusion, IDBI Bank is a government-owned financial service company with a strong presence in retail and corporate banking. Its stock has seen a consistent rise and fall since its launch.
The bank is expected to benefit from the government’s initiatives to promote financial inclusion and the increasing demand from people for digital banking services.
However, the actual performance of the bank and the market conditions will determine the actual share price in the future.
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