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IDBI Bank now among India's five most valuable private banks

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₹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.

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