Budget 2017: What may be in store for IDBI Bank stock

A look at how the stock has moved in the past year and what it may get from Budget 2017

Planned outlay towards recapitalisation of public sector banks (PSBs) is one key factor impacting IDBI Bank and its peers around the Budget. The government‘s plan for structural and sustainable turnaround of these banks has helped. Last year’s announcement on privatising of IDBI Bank, akin to Axis Bank also boosted sentiment.

Current Budget: Clarity on plans to privatise the bank will be watched in the coming Budget. Also, the government’s outlay for recapitalisation of PSBs will be important. Putting in place a holding company structure for PSBs is also among the key expectations. Announcements of any interest subvention schemes, steps to boost digital payments, etc, would impact IDBI Bank 

 

and its peers.

Note: Net sales and net profit are for trailing 12 months ended September 2016; Price, market cap and PE ratio are as on Jan 25, 2017; sales, profit and market cap figures are rounded off. Source Capitaline/Exchange

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