IDBI BANK (BOM: 500116) Shares
ABOUT IDBI BANK
IDBI Bank Limited (BOM: 500116) is an Indian commercial bank which offers personalized banking and financial solutions through its large network of branches and ATMs throughout India.
The bank has a history dating back to 1964 when it was first established as a wholly owned subsidiary of the Indian Government in order to provide credit and other financial facilities for the development of the fledgling Indian industry.
In 1976, IDBI Bank Limited was made the principal financial institution for industrial investment and development in India. In 2003, the bank transitioned from a development finance institution to a commercial institution. Following this, the bank went on to grow its portfolio with the acquisition of United Western Bank, more than doubling the number of its branches from 195 to 425.
OVERVIEW OF IDBI BANK
Today, IDBI Bank Limited employs 16 555 employees, and operates as a full service universal bank, providing a wide range of financial products and services, including deposits, loans, payment services and investment solutions. The bank works to differentiate itself as a retail-focused institution.
To this end, the bank progressively builds its Customer Relationship Management (CRM) and business intelligence capabilities in order to remain responsive to customer demand.
- As a universal bank, IDBI Bank Limited reaches millions of customers in India through a wide array of banking products and services. Added to this, the bank has an established presence in associated financial sector businesses including capital markets, investment banking and mutual fund businesses. As such, the bank’s growth strategy is focused on a commitment to providing relevant financial solutions.
- The bank ensures maximum customer convenience through easy access to branches and ATMs as well as digital offerings and excellence in customer service.
VISION & VALUES OF IDBI BANK
IDBI Bank Limited’s mission is to be the most preferred and trusted bank, enhancing value for all of its stakeholders. To this end, the bank focuses on providing a premium, streamlined service experience for its customers, while expanding its retail footprint.
The bank strives to be a leader in corporate governance by remaining ethical, transparent and responsible in its operations, while encouraging a positive and performance-driven corporate culture.
The bank is also expanding its global presence, while striving to adopt sustainable practices in the process.
MARKET PERFORMANCE OF IDBI BANK
IDBI Bank Limited trades on the Bombay Stock Exchange (BSE), under the stock symbol BOM: 500116.
Data from the company’s 2019 financial analysis shows that the bank’s aggregate deposits and advances reached `Rs 2 27 372 crores and Rs 1 46 790 crores respectively. The bank’s total income amounted to Rs 25 372 crores, comprising interest income of Rs 22 071 crores, and other income of Rs 3 300 crores.
The bank’s strong performance has allowed investors to buy or sell shares with confidence, providing sound dividends and a solid buy-in for those who choose to purchase shares in 2020 and in the future.
LATEST NEWS IDBI BANK
Buy IDBI BANK stocks / shares – ? A Step by Step Guide how to Buy / Purchase IDBI BANK Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy IDBI BANK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN IDBI BANK STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE IDBI BANK STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of IDBI BANK stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy IDBI BANK stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?