IDBI Bank gets ₹2,729 crore capital from government

Public sector IDBI Bank has received capital infusion of ₹2,729 crore from the government.

“The government has on December 29, 2017 infused share application money of ₹2,729 crore towards preferential issue of equity infusion of IDBI bank during the fiscal year



2017-18 under the plan as government’s investment,” it said in a regulatory filing.

The bank said its board of directors at the ensuing meeting will consider the proposal for approval of preferential issue of capital to government up to ₹2,729 crore.