IDBI Bank Gets Rs 2,729 crore from Government

Public sector IDBI Bank has received the capital infusion of Rs 2,729 crore from the government of India. The government had in October 2017 unveiled a Rs 2.11 lakh crore two-year roadmap for strengthening NPA-hit public sector banks.

The help includes re-capitalisation bonds, budgetary support, and equity dilution. The stock of the bank closed 0.83% down at Rs 59.85 on the BSE.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
  • IDBI MD and CEO- Mahesh Kumar Jain, Headquarter- Mumbai.
Source- The Hindu