Govt approves over Rs 9,000 crore capital infusion in IDBI Bank

03 Sep 2019

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.

Related IDBI Bank Ltd. Links:

IDBI Share Price

31.55 0.75 (2.44%) Feb 26, 18:55
1 Year Price Chart
Company Name CMP
HDFC Bank 1534.35
ICICI Bank 597.60
Axis Bank 724.70
Indusind Bank 1063.30
Kotak Mahindra Bank 1782.35
View more..
Sensex vs IDBI
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323