IDBI Bank board approves raising INR 100 bln via long-term bonds in FY27
This story was originally published at 15:18 IST on 16 May 2026
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--IDBI Bank board OKs issuing long-term bonds of up to INR 100 bln in FY27
--IDBI Bank to issue INR-100-bln of bonds FY27 for infra, housing financing
NEW DELHI – IDBI Bank Ltd.'s board Saturday approved raising up to INR 100 billion through long-term bonds for financing infrastructure and affordable housing, the bank said in an exchange filing. The funds will be raised in one or more tranches through private placement in the domestic market in the current financial year.
For the March quarter, IDBI Bank reported net profit of INR 19.43 billion and total income of INR 94.09 billion. The bank's shares Friday ended at INR 70.38, down 1.4%, on the National Stock Exchange. End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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