April 12, 2018 / 3:57 AM / 7 days ago

BUZZ-India's IDBI Bank falls to 1-week low on cenbank penalty

** Shares of IDBI Bank Ltd drop as much as 3.1 pct to 69.8 rupees, lowest since April 4

** Reserve Bank of India imposed penalty of 30 mln rupees ($458,715.60) on bank for failing to comply with Income Recognition and Asset Classification norms, co said on Wednesday here

** Penalty will not have any material impact on bank, co added

** Stock had risen 20 pct this year as of Wednesday’s close ($1 = 65.4000 Indian rupees)

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