IDBI Bank Limited has informed the Exchange that Board of Directors at its meeting held on April 28, 2025, recommended Final Dividend of Rs. 2.10 per equity share.
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On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 1.6 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IDBI Bank's Board of Directors, at a meeting held on April 28, 2025, has recommended a final dividend of Rs. 2.10 per equity share for its shareholders. The dividend will need to be approved by shareholders at the upcoming Annual General Meeting (AGM). The final dividend is typically paid after the AGM, and the record date and payment timeline will be communicated separately. No comparison with the previous year's dividend or interim dividend details are provided in this announcement.
If approved, shareholders will receive Rs. 2.10 per share held, which is a positive signal of the bank's profitability and capital position. The actual impact on the stock price will depend on the dividend yield relative to the share price and market expectations.