IDBI First Bank raises Tier 2 Capital aggregating Rs 1500 cr

December 01,2022

IDBI First Bank has allotted 1,500 Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable, Basel III compliant, Tier 2 capital (in the nature of Debentures) for a face value of Rs. 1 crore each, aggregating to Rs. 1,500 crore on private placement basis on 01 December 2022.

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