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VERIFIEDET Markets·positive
IDBI Bank share price rockets 19%. What’s triggering the massive surge?
AI Summary
- ·IDBI Bank shares surged by 19% on Wednesday, continuing a four-day upward trend.
- ·The rally was driven by renewed optimism surrounding the lender's privatization process.
- ·Reports suggest the government is exploring methods to restart stake-sale discussions, alongside improvements in asset quality and net interest income growth.