".. We are planning (to raise) Rs 500 crore through QIP," he told reporters here, adding, it will be used based on market opportunities.
According to him, the bank's tier-I capital as of June 30, 2017 was at 15.40 per cent and was "adequately capitalised."
Responding to a query, Kamakodi said the approval from the shareholders was valid for a period of one year.
"Since, the approval (of shareholders) is valid for one year, we will raise (funds) when there is a need," he said.
Kamakodi and senior officials were here to announce the bank's financial performance for April-June 2017 quarter.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)