IDBI Bank shares slump 9% after S&P Global Ratings places it on CreditWatch
Updated : August 28, 2019 11:28 AM IST
IDBI Bank shares slumped over 9 percent on Wednesday after the private lender's unsecured debt was put on 'CreditWatch with negative implications' by S&P Global Ratings.
At 9:45 am, the stock price plunged 8.97 percent to Rs 26.90 per share on the NSE.
Intraday, the share price slipped 9.30 percent to Rs 26.80.