IDBI eyes for Rs 8k cr bond borrowing for FY23

Mumbai, March 24 : Private sector lender IDBI on Thursday said it is seeking approval for rupee bond borrowings worth Rs 8,000 crore for the next fiscal. A meeting of the board of directors will be held later this week, the LIC-controlled lender said in a regulatory filing. “It is hereby informed that a meeting of Board of Directors of IDBI Bank will be held on Tuesday, March 29, 2022 to consider the proposal for approval of rupee bond borrowings limit of Rs 8000 crore for FY 2022-23, to be borrowed in one or more tranches,” it said. IDBI shares were trading at Rs 45.30 a piece at around 12.13 pm on the BSE, up 1.12 per cent. PSK JNA

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