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

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. READ MORE

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