IDBI Bank has informed that the Board of Directors of the Company at its meeting held on July 04, 2014, approved the proposal for mobilization in one or more tranches of (i) Rs. 4000 crore and (ii) Foreign currency resources upto USD 7.5 billion equivalent outstanding, comprising in respect of both (i) and (ii) above of Senior Bonds, Basel III Compliant Tier II / Additional Tier I Bonds, by way of Private Placement / Public Issue / Reverse Enquiry / Issuances under MTN programme during the FY 2014-15, subject to approval from shareholders and other Statutory / Regulatory approvals, if any.
The above information is a part of company’s filings submitted to BSE.
