IDBI Bank has raised Rs 2,500 crore through Basel-III-compliant additional Tier-I (AT-I) bonds to enhance its capital adequacy. The coupon (interest rate) for AT-I bonds is 10.75 per cent payable annually. The Mumbai-based bank is also in the international market to raise up to $500 million through five-year bonds. It will use the money for off-shore lending to customers.
FlashNews:
As Indiaâs GCCs Shift from Cost to Capability Leadership, Sitharaman Charts Next Decade of Growth
DFCCIL Advances East-West Freight Corridor with Stakeholder Push on Financing and Construction
GMR Charts MultiâPhase Roadmap to Transform Nagpur Airport into Indiaâs Heartland Hub
Kamarajar Port Joins Visakhapatnam as Indiaâs Second 18âMetre DeepâDraft Port
El NiÃąo Cuts 13 aGW Hydropower Across Asia, Forcing Coal and LNG Reliance
CUMI Named Armour Partner for DRDOâs Indigenous Vikram VT21 Combat Vehicles
CleanMax Achieves Record 530 MW Commissioning in Q1 FY2027, Expands Portfolio to 4.2 GW
POWERGRID Secures Landmark ÂĨ80 Billion JBIC Green Loan for Clean Energy Push
Vikram Solar Rolls Out First Module at Tamil Nadu MegaâFacility
AIâDriven Governance for Capital Projects
India Needs a Comprehensive Approach to Data Sovereignty and Resilience: AS Kiran Kumar
Why Indiaâs Logistics Costs Will Not Fall Through Infrastructure Alone
PM Modi to Dedicate HPCL Rajasthan Refinery, Indiaâs First Greenfield Integrated Complex
Mumbai Port Unveils âđ50.29 Billion Projects on 154th Foundation Day
RVNL Completes Sitafalmandi-Lallaguda Chord Line, Boosting Hyderabad Rail Connectivity
Tata Power Commissions 100.8 MW Jewali Wind Project in Maharashtra
Skyroot Sets Launch Window for Indiaâs First Private Orbital Rocket
Indiaâs ACME Group Seals Landmark Green Ammonia, Methanol Deals with Japan
Indian Railways Posts 4% Freight Growth in June 2026
Home » IDBI Bank raises Rs.2,500 crore
IDBI Bank raises Rs.2,500 crore
Infrastructure Finance
November 1, 2014November 1, 2014
Leave a Reply
You must be logged in to post a comment.