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Executive Movements

IDBI Intech appoints Suresh Khatanhar as the New Chairman of the Board

IDBI Intech Ltd. (Intech), a wholly owned subsidiary of IDBI Bank Ltd., announces the appointment of Suresh Khatanhar as the new Chairman of its Board. Speaking on his appointment, Suresh Khatanhar, Chairman of IDBI Intech Ltd., said, “IDBI Intech holds a strong position in providing technological services to the BFSI segment, through its future-ready digital […]

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Investment

IDBI Bank raises Rs 1,435 crore from 44 qualified institutional investors

IDBI Bank has secured Rs 1,435 crore via issue of equity shares to 44 eligible qualified institutional buyers, as per a regulatory filing. The bank had intended to raise Rs 2,000 crore (base size Rs 1,000 crore and green-shoe option of Rs 1,000 crore) by way of the QIP issue at a floor price of […]