IDBI Bank aims to raise Rs 6,000 crore from equity market

State-owned IDBI Bank is aiming to raise as much as Rs 6,000 crore from the equity market by selling shares. The bank is looking to raise funds through a combination of Qualified Institutional Placement (QIP), rights issue and follow-on offer.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.