MoneyWorks4Me

IDBI Bank eyeing to raise Rs 1,500 crore

25 Aug 2016 Evaluate

IDBI Bank has proposed to issue an additional Tier 1 Bond amounting to Rs 1,500 crore with deemed date of allotment on August 30, 2016. The bank has recently received its shareholders’ nod to raise up to Rs 28,000 crore from a mix of equity and bonds.

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



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