IDBI Bank shines on buzz of introducing C-LMS and G-LMS
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IDBI Bank is currently trading at Rs. 44.15, up by 0.45 points or 1.03% from its previous closing of Rs. 43.70 on the BSE.
The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 44.30 and Rs. 42.55 respectively. So far 338520 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.25 on 18-Oct-2021 and a 52 week low of Rs. 30.30 on 26-Feb-2021.
Last one week high and low of the scrip stood at Rs. 47.50 and Rs. 40.80 respectively. The current market cap of the company is Rs. 46665.43 crore.
The promoters holding in the company stood at 94.71%, while Institutions and Non-Institutions held 0.40% and 4.89% respectively.
IDBI Bank has reportedly introduced Corporate Liquidity Management Solution (C-LMS) and Government Liquidity Management Solution (G-LMS) to meet the liquidity management needs of institutional customers.
These solutions provide tools to institutions for enhanced visibility of liquidity position across the organisation, helping them in forecasting and projecting the cash positions at a glance.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
