Board of IDFC Bank approved raising of LT funds up to Rs 10000 crore

At meeting held on 25 April 2017

IDFC Bank announced that the Board of Directors of the Company at its meeting held on 25 April 2017 has granted it's approval for borrowing / raising long term funds by issue of redeemable Non-Convertible Debentures and other debt instruments, including instruments eligible for capital benefits under BASEL III norms, on private placement basis, up to an amount not exceeding Rs.10,000 crore, in one or more tranches, in domestic / overseas market, over a period of 1 year, within the overall borrowing limit of Rs. 1,50,000 crore as approved by the Shareholders of the Bank. The aforesaid securities post allotment would be listed on NSE and / or BSE. The aforesaid issue shall be subject to the approval of the Shareholders at the ensuing Annual General Meeting and any other regulatory approvals as may be applicable.

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