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IDBI Bank gains after borrowing limit hike

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Reuters
Last Updated : Sep 29 2014 | 11:10 AM IST

Reuters Market Eye - IDBI Bank gains 0.8 percent.

Board approves hike in borrowing limit to 150 billion rupees ($2.44 billion) from 40 billion rupees.

Also approves infusion of additional capital of 583.4 million rupees by way of equity in unit IDBI asset management.

(Reporting by Abhishek Vishnoi)

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First Published: Sep 29 2014 | 10:59 AM IST

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