Shares of IDBI Bank rose as much as 4.8 per cent to Rs 45.45 on Monday.IDBI Bank along with majority shareholder Life Insurance Corp of India is working out a turnaround plan by "leveraging" their "mutual business synergies", the state-run lender said on Sunday.The plan included "rationalising" common subsidiaries in mutual funds and life insurance.Separately, IDBI Bank has invited expression of interest to sell five non-performing assets worth Rs 1,248 crore ($178.48 mln), including one worth Rs 1,056 crore to Reliance Communications, Newsrise Financial reported.IDBI did not immediately respond to a request for comment on the Newsrise report.News about them putting their insurance and mutual fund businesses on the block is positive, says Yuvraj Choudhary, an analyst with Anand Rathi.Also, they are trying to sell their NPA assets, which most PSU banks are also trying to do before March 31, as optically GNPA numbers will improve and it may also help them reach the PCA (prompt corrective action framework) targets, said Choudhary.More than 11 million shares of the bank changed hands against 30-day average of eight million shares.