IDBI Bank shares rise 7% after RBI submits ‘Fit & Proper’ report

July 18, 2024

IDBI Bank’s shares surged 7% to Rs 94 on BSE after RBI approved ‘fit and proper’ bidders ahead of Union Budget 2024. The bank, earmarked for privatization, awaited RBI’s nod for bidders meeting regulatory norms to progress in the privatization process.

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Tech View: Nifty eyes 24,050 as next target; support at 23,550 from put writing. How to trade on Thursday

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