IDBI Bank is planning to raise Rs 20,000 crore from bonds in one or more tranches next fiscal to fund business growth. The bank at its board meeting held on March 22, 2016, has approved for the same. The fund will be raised in one or more tranches comprising senior or infrastructure bonds, Basel-III compliant tier-II or additional tier-I bonds by way of private placement or public issue in 2016-17.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
