Informing about the government's approval for raising the equity capital, it said the money will be raised at an appropriate time during the year.
    
"The government has conveyed its approval to IDBI Bank to raise capital to the tune of Rs 3,771 crore, through QIP route, at an appropriate time during the year," it said in a regulatory filing. Scrip of the public lender closed 1.44 percent higher at Rs 88.90 on BSE.

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