MoneyWorks4Me

IDBI Bank informs about company updates

31 Dec 2015 Evaluate

IDBI Bank has informed that Govt. of India has, vide letter dated December 30, 2015, conveyed its approval to IDBI Bank to raise capital to the tune of Rs 3771 crore, through QIP route, at an appropriate time during the year, as per law and subject to any other statutory/regulatory approval required to be obtained in this regard.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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