Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!
you are here: HomeNewsBusiness

IDBI Bank board okays rupee bond borrowing limit of Rs 8,000 crore for FY23

It will comprise additional tier I (AT-1) bonds up to Rs 3,000 crore and senior/infrastructure bonds up to Rs 1,000 crore by way of private placement during FY23, the lender added.

March 29, 2022 / 05:26 PM IST
IDBI Bank

IDBI Bank

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Private sector lender IDBI Bank on Tuesday said its board of directors has approved the rupee bond borrowing limit of Rs 8,000 crore for the next fiscal year beginning April 1.

It will comprise additional tier I (AT-1) bonds up to Rs 3,000 crore and senior/infrastructure bonds up to Rs 1,000 crore by way of private placement during FY23, the lender added.

The board of directors, at its meeting held on March 29, 2022, has approved the rupee bond borrowing limit of Rs 8,000 crore for FY23, to be borrowed in one or more tranches, IDBI Bank said in a regulatory filing.

Stock of IDBI Bank closed 3.05 per cent down at Rs 42.85 apiece on BSE.



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

PTI
first published: Mar 29, 2022 05:26 pm
Sections
ISO 27001 - BSI Assurance Mark