IDBI Bank shares plunge over 6 pc after Q3 earnings
The scrip plunged 6.08 per cent to close at Rs 34.75 on the BSE. During the day, it tanked 7 per cent to Rs 34.40.
At the NSE, it plummeted 6.35 per cent to close at Rs 34.65.
In volume terms, 10.12 lakh shares were traded on the BSE during the day, while over 36 lakh shares were traded on the NSE.
A one-time tax hit of Rs 6,273 crore left IDBI Bank deep into the red for the 13th consecutive quarter with a net loss of Rs 5,763 crore for the three months to December 2019.
The lender, which is now controlled by Life Insurance Corporation (LIC), had reported a net loss of Rs 4,185 crore in the year-ago period.