IDBI Bank, India's leading public sector bank is planning to raise between 200 million to 250 million swiss franc with a five-year maturity period for which the pricing is likely to be fixed at 200 bps over swiss franc mid-swap.
Besides, IDBI Bank is planning to raise $225 million from overseas in FY12 for which Asian Development Bank will act as a partial guarantor. The proceeds would be used for lending to micro, small and medium enterprises (SMEs).
The bank’s net profit for the quarter ended March 31, 2011 has jumped by 62.13% at Rs 516.25 crore whereas the same was at Rs 318.41 crore for the quarter ended March 31, 2010. Its total Income has surged by 23.18% at Rs 5700.65 crore for the quarter ended March 31, 2011 whereas the same was at Rs 4627.91 crore for the corresponding quarter of the previous year.
