Private sector banking stocks surged after strong quarterly earnings, with IDFC First Bank, DCB Bank, AU Small Finance Bank, and IDBI Bank leading the gains. Deven Choksey, MD, DR Choksey FinServ Private, says improving asset quality, lower NPAs, stable margins, and healthy loan growth are supporting the sector's recovery. While select mid-sized banks have delivered strong returns, he believes larger private sector banks remain the preferred long-term investment due to their stronger balance sheets and consistent growth potential.
IDBI Bank said its net interest margin (NIM) for the quarter came at 3.61 per cent, down 54 basis points QoQ and 7 basis points YoY.
Stocks like Belrise Industries, LTTS, Hero MotoCorp, Tata Elxsi, NBCC, J&K Bank, ARSSBL, Delhivery, IDBI Bank, IdeaForge, IT firms will be in the spotlight on Wednesday, July 15.
IDBI Bank stake sale: Emirates NBD, which has already acquired a 60 per cent stake in private sector lender RBL Bank, is said to have also been among the bidders.
The revised bids from Canada's Fairfax Financial and Dubai's Emirates NBD are being evaluated, Reuters reported adding that a top panel of bureaucrats met on Monday to discuss the stake sale.
IDBI Bank Ltd shares were up 0.77 per cent at Rs 87.62. CSB Bank, on the other hand, fell 5.03 per cent to hit a low of Rs 326.50.
An analyst from Anand Rathi said that Tata Capital has failed to sustain above its January 2026 high after a sharp rally over the past 2–3 weeks, indicating strong overhead resistance.
IDBI Bank said there is no undisclosed or price sensitive information or any impending announcement, which needs to be informed to the stock exchange at this point of time.
Indian markets extended their winning streak for a fourth consecutive session as the Nifty closed near 24,086, gaining almost 100 points, while Bank Nifty surged sharply. Strength in the rupee and a decline in crude oil prices boosted investor sentiment. PSU banks led the rally, with IDBI Bank soaring 17%, while UCO Bank, Punjab National Bank, and other public-sector lenders posted strong gains. Stocks such as CarTrade, Schneider Electric Infrastructure, Trent, Bharat Dynamics, HAL, and Cochin Shipyard also advanced. Several counters, including Data Patterns, Federal Bank, and Netweb Technologies, hit fresh record highs during the session.
IDBI Bank Surges On Heavy Volumes On Hopes Privatisation On Track
In the case of IDBI Bank, the government owned 94.71 per cent stake at the end of March quarter. This included LIC's 49.24 per cent stake in the lender.
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