IDFC Board to meet next month to consider raising funds

Private lender IDFC Bank on Friday said its board would meet next month to consider raising funds through non-convertible debt securities on private placement basis. "The 22nd Board Meeting of IDFC Bank Ltd will be held on Tuesday, April 25, 2017 at Mumbai to discuss and approve, among other items...fund 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.