Shares Of IDBI Bank Plunged 10 Percent Intraday After Global Rating

Shares of IDBI Bank plunged 10 percent intraday after global rating agency S&P placed lender on Credit Watch, citing uncertainty over meeting capital requirements.

S&P Global Ratings, on August 27, placed its 'BB' long-term and 'B' short-term foreign currency issuer credit ratings on IDBI Bank on Credit Watch with negative implications.

"We also placed our issue ratings on the bank's senior unsecured debt on CreditWatch with negative implications," the rating agency said.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com