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IDBI Bank gets capital infusion of Rs 2,729 crore from government

01 Jan 2018 Evaluate

IDBI Bank has received capital infusion of Rs 2,729 crore from the Government of India (GoI).

The GoI has on December 29, 2017 infused share application money of 2729 crore towards Preferential Issue of Equity Capital of IDBI Bank during the FY 2017-18 under the Plan as Government's Investment.

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

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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