IDBI Bank to raise $1 b

September 04, 2010 10:04 pm | Updated 10:04 pm IST - KOLKATA:

IDBI Bank plans to raise $1 billion in foreign currency in the next 12-15 months, a top official of the bank said.

“Recently we raised $350 million. There is a huge apetite for our papers. We intend to raise $1 billion in 12 to 15 months,” Chairman and Managing Director R. M. Malla said.

Mr. Malla said that from September 1, the bank had waived all charges related to current and savings account. Mr. Malla said by the end of the current fiscal, the bank would merge its 100 per cent subsidiary IDBI Home Finance.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.