Money & Banking

IDFC Bank looking to raise funds

Venkatesan R | | Updated on: Mar 24, 2017

IDFC Bank on Friday said its board will meet next month to consider raising funds through non-convertible debt securities on private placement basis.

“The 22nd board meeting of IDFC Bank will be held on April 25 to discuss and approve, among other items, und raising through issue of non-convertible debt securities on private-placement basis, if required during fiscal 2017-18, as part of its normal business of borrowing and lending funds,” IDFC Bank said in a regulatory filing.

It did not elaborate on the quantum of funds it may raise.

Published on January 15, 2018

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