IDBI Bank plunged as much as 5.4 per cent in trade on Monday, after the Central Bureau of Investigation (CBI) launched a probe into how IDBI Bank loaned Rs 950 crore to Kingfisher AirlinesBSE -1.37 % (KFA) despite the now grounded airline's negative net worth and negative credit rating.
At 09:50 a.m.; IDBI Bank recouped some of the intraday losses but was still trading 3.7 per cent lower at Rs 80. It hit a low of Rs 78.55 and a high of Rs 82.40 in trade today.
At 09:50 a.m.; IDBI Bank recouped some of the intraday losses but was still trading 3.7 per cent lower at Rs 80. It hit a low of Rs 78.55 and a high of Rs 82.40 in trade today.
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