Thursday, December 31, 2015

#IDBI Bank gets centre's nod to raise capital via #QIP

Union Government has given its approval to IDBI Bank to raise capital to the tune of Rs 3,771 crore, through qualified institutional placement (QIP) route, at an appropriate time during this year.IDBI Bank has said in a regulatory filing today.By this move Govt takes first step to becoming a minority sharehodler in IDBI.