IDBI Bank has decided to raise up to USD 500 million through Tier I bonds. The Board of Directors of the Bank at its meeting held on February 12, 2016, has approved issuance of Basel III compliant Additional Tier 1 (AT 1) Bonds in offshore markets upto USD 500 million to enhance its Tier 1 capital. AT-1 bonds, which qualify as core or equity capital, are one of the means of raising capital by public sector banks that require Rs 1.80 lakh crore by March 2019 to meet global norms on capital adequacy (Basel III).
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