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IDBI Bank receives capital infusion of Rs 7881 crore from Govt. of India

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Capital Market
Last Updated : Mar 27 2018 | 8:04 PM IST

On 27 March 2018

IDBI Bank announced that the Government of India on 27 March 2018 infused share application money of Rs 7881 crore, being the remaining portion of capital infusion of Rs 10,610 crore planned by the Government of India for IDBI Bank for FY 2017-18, aimed at meeting the minimum CET 1 and Tier 1 capital requirements of IDBI Bank (Rs 2729 crore infused earlier).

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First Published: Mar 27 2018 | 6:32 PM IST

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