IDBI Bank witnessed a rise in share prices on Monday after the board of directors has approved enhancement in rupee borrowing limit from the present limit of Rs 40 billion to Rs 150 billion. The board also approved infusion of additional capital of Rs 583.4 million by way of equity in IDBI Asset Management (lAML), bank's subsidiary company.

The fund raising is subject to compliance with all applicable laws, regulations & guidelines as well as the approval of shareholders to be obtained in terms of Section 42 of the Companies Act, 2013 by Postal Ballot.

Shares of the bank are trading at Rs 63.25, up Rs 0.6, or 0.96% at the Bombay Stock Exchange (BSE) on Monday at 11:17 a.m. The scrip has touched an intra-day high of Rs 64.75 and low of Rs 62.65. The total volume of shares traded at the BSE is 446,716.