Cabinet clear over Rs 9,000 cr capital infusion in IDBI Bank


Team Udayavani, Sep 3, 2019, 6:19 PM IST

New Delhi: The government on Tuesday approved over Rs 9,000 crore capital infusion in IDBI Bank with a view to increasing the lender’s capital base.

The Union Cabinet has cleared recapitalisation of IDBI Bank with one-time infusion of funds by both the government and the LIC, Information and Broadcasting Minister Prakash Javadekar told reporters here.

Out of Rs 9,000 crore, the government will provide Rs 4,557 crore as one-time re-capitalisation to IDBI Bank, he said.

Besides, he said, LIC will infuse Rs 4,700 crore.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

India Nets: Shami works on lengths with Morkel, Pant recovers after freak hit by Hardik shot

To ban or not to ban? Countries debate regulations on smartphone usage in schools

PM didn’t tell his good friend about country’s outrage over handcuffing Indian deportees: Congress

Maha Kumbh: Akhilesh seeks compensation to kin of devotees killed in accidents

K’taka irrigation issues: CM urges Deve Gowda to come forward to protect state’s interest

Two held in Rs 850 crore ponzi scheme case: Cyberabad Police

Delhi stampede: Opposition blames govt for ‘gross mismanagement’, demands Vaishnaw’s resignation

Related Articles More

Reliance Consumer Products Limited Acquires Velvette

Gold zooms past record Rs 89k-mark, silver rallies Rs 2,000 to 4-month high

Wholesale price inflation eases to 2.31pc in Jan

Karnataka signs MoUs worth Rs 2,220 cr on day two of GIM 2025

Celebrating Valentine’s Day: Airlines come up with rate discount, special menu

MUST WATCH

25 years old chat shop in Katapadi

Ashok Kumar Rai

Brahma Baidarkala Nemaotsava

Tea & Tales: A 10,000-Book Library Inside a Tea Shop!

Sri Goshala Bangalore

Latest Additions

India Nets: Shami works on lengths with Morkel, Pant recovers after freak hit by Hardik shot

To ban or not to ban? Countries debate regulations on smartphone usage in schools

PM didn’t tell his good friend about country’s outrage over handcuffing Indian deportees: Congress

Maha Kumbh: Akhilesh seeks compensation to kin of devotees killed in accidents

“Namma Sante” buzz: From coconut shell art to pure honey delights!

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.