IDBI Bank, the public sector lender is reportedly planning to raise up to $300 million through Basel-III-compliant bonds by the end of March 2014. Currently, the bank’s tier-I capital adequacy ratio slipping below 8% and to improve this ratio the bank is planning to issue bonds.
The government has stipulated for public sector banks, tier-I capital adequacy should be at least 8%, while RBI has prescribed banks maintain overall cent capital adequacy of at least 9%. As on December 31, 2013, the bank’s Tier-I capital adequacy ratio was 7.93%, while overall capital adequacy stood at 12.71%.
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 1,217 branches and 2,101 ATMs.
Company Name | CMP |
---|---|
HDFC Bank | 1442.00 |
ICICI Bank | 1118.65 |
Axis Bank | 1120.00 |
Indusind Bank | 1409.95 |
Kotak Mahindra Bank | 1626.60 |
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