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Why IDBI Bank Surged 19% in One Day | Privatisation Hope, Improved NPA & NIM Story | Upstox
📌 IDBI Bank surged nearly 19% after reports suggested the government may revive its privatisation plan by reconsidering bids from Fairfax and Emirates NBD. While Q4 profit was largely flat, asset quality improved with Gross NPA falling to 2.32% and NIM rising to 4.15%. The rally is driven by renewed privatisation hopes, though the deal is ...
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