IDBI Bank informs about outcome of board meeting

IDBI Bank has informed that the Board of Directors of the Bank at its meeting held on March 22, 2016, has approved in-principle the Rupee Bond issuance limit of Rs 20,000 crore to be borrowed in one or more tranches comprising of Senior / Infrastructure Bonds, Basel III compliant Tier II / Additional Tier I Bonds by way of private placement / public issue during FY 2016-17 or during one year from the date of passing of the special resolution by shareholders at the ensuing AGM of the Bank, whichever is later.

The above information is a part of company’s filings submitted to BSE.