IDBI Bank, a public sector lender, will be receiving Rs 2,229 crore as a part of re-capitalization of Public Sector Banks for the year 2015-16. The Government of India (GoI) has decided to infuse capital funds to the tune of Rs 2,229 crore in the bank by way of preferential allotment of equity in favour of the GoI.
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.
