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IDBI Bank shares tank as company posts ₹3,800.84 crore loss


Shares of IDBI Bank tumbled over 12% on Friday after the company reported widening of loss to ₹3,800.84 crore for the June quarter.

The scrip tanked 12.33% to touch its 52-week low at ₹23.80 on the BSE.

On the NSE, the stock dropped 11.94% to its one-year low of ₹23.95.

IDBI Bank on Wednesday reported widening of loss to ₹3,800.84 crore for the June quarter, hurt by higher provisioning for bad loans.

The bank had posted a loss of ₹2,409.89 crore in the April-June quarter of 2018-19.

Its provisioning for ...


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