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IDBI Bank receives shareholders' nod to raise Rs 26,000 crore

14 Aug 2015 Evaluate

IDBI Bank, a public sector lender, has received shareholders' nod to raise Rs 26,000 crore through a mix of equity and bonds to fund growth. The bank will issue shares up to Rs 6,000 crore (inclusive of premium amount) through various modes of issues including QIP. The fund from sale of shares would be raised in one or more tranches.

Besides, the bank plans to raise up to Rs 20,000 crore from bonds in one or more tranches during the current fiscal.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation. This enables the Bank to offer personalized banking and financial solutions to its clients. The Bank has one of the largest housing loan portfolios amongst PSBs and offers housing loans at base rate to its existing and new customers.



IDBI Bank Share Price

75.44 1.35 (1.82%)
21-Apr-2026 10:49 View Price Chart
Peers
Company Name CMP
HDFC Bank 803.70
ICICI Bank 1379.35
Axis Bank 1373.35
Kotak Mahindra Bank 381.25
Indusind Bank 861.55
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