IDBI Bank gets government approval to raise capital

Through QIP route

IDBI Bank announced that Govt. of India has, vide letter dated 30 December 2015, conveyed its approval to IDBI Bank to raise capital to the tune of Rs. 3771 crore, through QIP route, at an appropriate time during the year, as per law and subject to any other statutory/regulatory approval required to be obtained in this regard.

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