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

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. 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.  Economic Times