IDBI Bank, the public sector lender has decided to raise Rs 555 crore through preferential issue of equity capital to the Government. It is also planning to raise up to Rs 2,500 crore via the qualified institutional placement route. The bank is yet to take the approval from shareholders and other statutory/regulatory approvals for both the capital raising programmes, which will shore up its core capital.
IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 999 branches and 1592 ATMs.
