idbi-bank-recruitmentShares of IDBI bank today rose by over 5 per cent in Wednesday’s trade amid reports that four bidders were looking to get a part of the govt’s stake in the lender. As per reports GIC of Singapore, Asian Development Bank, IFC & Commonwealth Development Corpn are looking stakes in IDBI Bank. 

The stock of IDBI Bank surged 4.78% to hit a high of Rs. 73.40 on BSE. The government held 73.98% stake in the bank as of Sept 30. The bank will announce its Q2 numbers on October 25.