IDBI Bk approves raising rupee borrowing limit to Rs 15k-cr

Written By Unknown on Jumat, 26 September 2014 | 23.25

The bank also approved infusion of additional capital of over Rs 58 crore in its subsidiary IDBI Asset Management (IAML).

IDBI Bank  today said the board of directors has approved enhancing the rupee borrowing limit to Rs 15,000 crore and also decided to infuse an additional capital of over Rs 58 crore in a subsidiary firm.

"Enhancement in rupee borrowing limit from the present limit of Rs 4,000 crore to Rs 15,000 crore, subject to compliance with all applicable laws," it said in a filing to the BSE.

The bank also approved infusion of additional capital of over Rs 58 crore in its subsidiary IDBI Asset Management (IAML). "Infusion of additional capital of Rs 58.34 crore by way of equity in IDBI Asset Management, bank's subsidiary company, to meet the growth requirements of IAML besides maintaining net worth," it said.

Shares of the bank today closed 4.24 percent higher at Rs 62.65 per scrip on the BSE.

IDBI Bank stock price

On September 26, 2014, IDBI Bank closed at Rs 62.65, up Rs 2.55, or 4.24 percent. The 52-week high of the share was Rs 116.50 and the 52-week low was Rs 52.95.


The company's trailing 12-month (TTM) EPS was at Rs 5.73 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 10.93. The latest book value of the company is Rs 147.38 per share. At current value, the price-to-book value of the company is 0.43.


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