IDBI Bank gets nod to borrow up to Rs 4,000 crore in FY20

IDBI Bank has received approval from its board to borrow up to Rs 4,000 crore in one or more tranches by issuing bonds in the next financial year (FY20). The borrowing would be comprised of Basel III-compliant tier-II bonds and senior bonds (not more than Rs 1,000 crore) by way of private placement during 2019-20.

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

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