Sebi has allowed IDBI Bank to raise Rs 3771 crore from qualified investors, including Life Insurance Corporation, which is likely to invest around Rs 1500 crore in the bank through preferential shares. The bank is also mulling to sell some of its non-core assets to raise funds. The bank’s DMD B.K. Batra said the bank has plans to raise capital of Rs 6000 crore for this fiscal year and so far it has received Rs 2229 crore from the government and the balance Rs 3771 crore would be raised from qualified investors. He also indicated that the bank would sell non-core assets such as its holdings in companies, including the National Stock Exchange.