₹12,887 crore against a loss of ₹15,116 crore in FY19 IDBI Bank Ltd is now the fifth most valued private lender replacing Bandhan Bank, Yes Bank and Indusind Bank after its shares surged over 100% in the last three weeks.
In overall Indian listed banking sector, it is ranked sixth valued bank.Shares of IDBI Bank surged nearly 102% since 18 May.
So far this year it gained 0.81%. The stock started surging after the lender announced a profit for March quarter after 13 consecutive quarter losses.