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IDBI Bank to raise $500 million via bonds

15 Feb 2016 Evaluate

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).

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

IDBI Bank Share Price

74.56 -0.15 (-0.20%)
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Peers
Company Name CMP
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Kotak Mahindra Bank 377.90
Indusind Bank 869.30
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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