Business Standard

IDBI Bank plans to raise up to Rs 3,000 crore through AT1 bonds

The private sector lender will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.

IDBI Bank
Premium

Private sector lender IDBI Bank plans to raise capital up to Rs 3,000 crore through additional tier I (AT-1) bonds in 2022-23 (FY23) to meet regulatory norms and business growth.

ABHIJIT LELE Mumbai
Private sector lender IDBI Bank plans to raise capital up to Rs 3,000 crore through additional tier I (AT-1) bonds in 2022-23 (FY23) to meet regulatory norms and business growth. It will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.
 
The board of directors approved the rupee bond borrowing limit of Rs 8,000 crore for FY23 to be borrowed in one or more tranches. This would include AT-1 bonds up to Rs 3,000 crore and senior/infrastructure bonds up to Rs 1,000 crore to be issued through private placement during FY23, the bank

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 30 2022 | 1:50 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com