IDBI Bank Share Price Falls 2.28% Amid Disinvestment Uncertainty

Mumbai, March 17: IDBI Bank shares remained under pressure on Tuesday, slipping 2.28% to ₹75.15 as of 11:12 AM IST on March 17, 2026, compared with the previous close of ₹76.90. The stock is extending losses after Monday’s sharp decline, with investor sentiment still fragile.

Early trade saw some stability but it did not last. The IDBI Bank share price opened at ₹77.70 and moved within a narrow but weak range, touching a high of ₹77.89 and a low of ₹74.61 so far.

Why IDBI Bank Share Price Moved

The current weakness is not driven by fresh disclosures today. Instead, it reflects the after-effects of developments from March 16, 2026.

The bank had responded to an exchange query following a Moneycontrol report that suggested the government may reconsider the proposed majority stake sale due to low bids. In its filing, IDBI Bank maintained that the disinvestment process is confidential and handled by the Government of India.

Importantly, the bank stated it has not received any communication from the government indicating that the process is being scrapped. It also said it is not in a position to confirm or deny the media report.

IDBI Bank Stock Performance Snapshot

As of 11:12 AM IST on March 17, 2026, IDBI Bank share price were trading at ₹75.15, down 2.28% from the previous close.

The session so far has seen the stock oscillate between ₹77.89 on the upside and ₹74.61 on the downside. Market capitalisation currently stands near ₹80,860 crore, while the price to earnings ratio is around 8.71.

The stock remains significantly below its 52-week high of ₹118.38, though still above the 52-week low of ₹72.00.

About The Company

IDBI Bank Limited is a full-service banking institution offering retail, corporate, and treasury operations across India.

The strategic disinvestment plan was approved on May 5, 2021. Since then, key milestones have included the appointment of KPMG India as transaction advisor on October 7, 2022, and regulatory approvals from the Securities and Exchange Board of India on January 5, 2023, and August 23, 2025.

The process continues to be managed by the Department of Investment and Public Asset Management.

Conclusion

IDBI Bank shares are currently reflecting sentiment.

The bank’s clarification has addressed the immediate query, but it has not resolved the broader uncertainty around the stake sale.

For now, the stock appears to be in a wait-and-watch phase, with direction likely to depend on the next official update from the government.

Source: https://www.nseindia.com/get-quote/equity/IDBI/IDBI-Bank-Limited