IDBI Bank to raise ₹20k cr from bonds in 2016-17
State-owned IDBI Bank on Tuesday said it plans to raise ₹20,000 crore through the issuance of rupee bonds in the next fiscal to fund business growth. The amount would be raised in one or more tranches comprising senior or infrastructure bonds, Basel-III compliant tier-II or additional tier-I bonds by way of private placement or public issue, IDBI Bank said.