IDBI Bank Limited — Board Meeting, 31-12-2024: Outcome of Board Meeting

The Board of Directors has announced a board meeting to discuss the issuance of Long Term Bonds aimed at financing infrastructure and affordable housing. The approved issuance is for a total of 210,000 Cr, with an initial tranche of up to 25,000 Cr expected by March 31, 2025, and the remaining balance to be raised during FY 2025-26. This strategic move highlights the bank's focus on bolstering funding for crucial sectors.