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Shares of IDBI Bank fell as much as 3.3 per cent on Wednesday.
At about 11 am, the IDBI Bank stock was quoting at Rs 80.15, down Rs 1.75 or 2.14 per cent on the BSE.
The RBI initiated “prompt corrective action” (PCA) for IDBI Bank over its high bad loans and negative return on assets, the lender said on Tuesday.
PCA is triggered if a bank's net non-performing assets ratio crosses 6 per cent.
IDBI, which is almost 74 per cent owned by the government, had a net bad loans ratio of 9.61 per cent as of December.
As of Tuesday's close, stock had gained about 18 per cent this year.
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