IDBI Bank has received an in-principle approval to raise equity capital to the extent of Rs 4,000 crore through Qualified Institutions Placement (QIP) / Follow-on Public Offer (FPO) subject to statutory / regulatory approvals, if any. The board of directors at its meeting held on June 07, 2014 has approved for the same.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1,217 branches and 2,101 ATMs.
