In continuation of earlier disclosure dated March 14, 2019, IDBI bank has informed that the Board of Directors, at its meeting held on Tuesday, March 19, 2019, has approved Rupee Bond Borrowing limit of Rs 4000 crore to be borrowed in one or more tranches comprising of Basel III compliant Tier II Bonds and Senior Bonds (not more than Rs 1000 crore) by way of private placement during FY 2019-20.
The above information is a part of company’s filings submitted to BSE.