The government has approved over Rs 9,000 crore capital infusion in IDBI Bank with a view to increasing the lender's capital base. The Union Cabinet has cleared recapitalization of IDBI Bank with one-time infusion of funds by both the government and the LIC.
Out of Rs 9,000 crore, the government will provide Rs 4,557 crore as one-time re-capitalisation to IDBI Bank. Besides, LIC will infuse Rs 4,700 crore.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
| Company Name | CMP |
|---|---|
| HDFC Bank | 748.00 |
| ICICI Bank | 1433.95 |
| Axis Bank | 1222.95 |
| Kotak Mahindra Bank | 383.45 |
| Indusind Bank | 1005.55 |
| View more.. | |
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