IDBI Bank Share Price Falls 16.47%: Bank Responds To Exchange Query On Disinvestment Reports

Mumbai, March 16: Shares of IDBI Bank Ltd continued to trade sharply lower in afternoon trade on Monday even as the lender issued a clarification to stock exchanges regarding reports on the proposed strategic disinvestment. The IDBI Bank share price was trading at ₹77.00 as of 2:14 PM IST, down ₹15.18 or 16.47% from the previous close of ₹92.18.

The stock opened at ₹82.12 and extended losses during the session, touching a low of ₹76.67 while the day’s high stood at ₹82.84. The decline reflects continued selling pressure in the counter amid developments related to the government’s stake sale process.

Why IDBI Bank Share Price Moved

The movement in IDBI Bank share price follows an exchange query seeking clarification on media reports suggesting that the government may scrap the proposed strategic disinvestment of the bank.

In its response dated March 16, 2026, IDBI Bank stated that the proposed strategic disinvestment is a confidential process being undertaken by the Government of India. The bank added that it is not in a position to either confirm or deny the referenced media report.

The lender also said it has not received any communication from the Government of India regarding scrapping of the strategic disinvestment process. According to the filing, the bank is not aware of any information that could explain the trading movement linked to the report.

Bloomberg on March 13 had reported that the government is set to scrap the bids after it received bids ‘below the minimum price sought’.

IDBI Bank Stock Performance Snapshot

As of 2:14 PM IST on March 16, 2026, IDBI Bank shares were trading at ₹77.00. The bank’s market capitalisation stood at approximately ₹82.79K crore.

The company’s price-to-earnings ratio is around 8.92. Over the past 52 weeks, the stock has touched a high of ₹118.38 and a low of ₹72.00. Dividend yield currently stands near 2.73%, with a quarterly dividend amount of ₹0.53.

What This Means For Investors

The clarification indicates that the strategic disinvestment process remains under the purview of the Government of India and is being handled by the Department of Investment and Public Asset Management.

IDBI Bank stated that it does not have a role in negotiations related to the transaction and that any material information received from the government will be disclosed to the stock exchanges in accordance with regulatory requirements.

Broader Market And Sectoral Context

The proposed strategic sale of IDBI Bank has been one of the most closely watched government disinvestment initiatives in the financial sector. The plan involves the sale of a combined 60.72% stake held by the Government of India and Life Insurance Corporation of India.

Investor sentiment around the stock has often been influenced by developments in the privatisation process and updates related to the transaction timeline.

About The Company

IDBI Bank Ltd is an Indian banking and financial services institution offering retail banking, corporate banking, and treasury services. The bank operates a nationwide network of branches and digital banking platforms serving both retail and institutional customers.

Conclusion

IDBI Bank share price remained under pressure in afternoon trade on March 16, 2026, after the lender responded to exchange queries on reports regarding the proposed strategic disinvestment. The bank said it has not received any communication from the government on scrapping the process and is not in a position to confirm or deny the media report.

Source;

• https://nsearchives.nseindia.com/corporate/MANESHJ_16032026133439_NSE_Clarification_16032026.pdf
• https://www.nseindia.com/get-quote/equity/IDBI/IDBI-Bank-Limited