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IDBI Bank plans to raise 1,500-cr capital by FY11
Date: 08-09-2010
IDBI Bank plans to raise capital of 1,500 crore in upper tier-II capital by the end of the current fiscal to fuel its expansion. The capital-raising would be done either in a single tranche or batches of two. By end-FY 11, the public lender is targeting a 20% increase in deposits and taking the cheaper current and savings account (CASA) component to 20% from the current 14%. crackcrack