IDFC First Bank Ltd - 539437 - Board Meeting Outcome for Outcome Of The Board Meeting Held On April 29, 2023
The Board at its Meeting held today i.e. April 29, 2023, has granted an enabling approval and authorized the Bank to borrow funds by issue of Debt Instruments, as may be permitted under RBI guidelines from time to time, through private placement mode, in one or more tranches, up to an amount not exceeding ? 5,000 crore, over and above the outstanding debt securities issued by the Bank and within the overall borrowing limits of the Bank, for a period of one year from the conclusion of 9th AGM of the Bank, subject to approval of the shareholders' of the Bank and other regulatory approvals, as may be required under applicable laws. Further, the Board has also approved the re-appointment of Makarand M. Joshi & Co., Company Secretaries as the Secretarial Auditor of the Bank for the FY 2023-24. Profile attached. The Board Meeting of the Bank commenced at 10:00 a.m. and concluded at 04:35 p.m.:29-04-2023