At meeting held on 06 June 2018
The Board of Syndicate Bank at its meeting held on 06 June 2018 approved to raise equity capital up to Rs 5000 crore, by way of Qualified Institutional Placement/Rights Issue/Follow On Public Issue/preferential allotment or any other mode permitted by Reserve Bank of India/Government of India, in one or more tranches, inclusive of premium to be decided/approved by the Board.The Board also approved to raise Basel III Compliant Additional Tier I Bonds up to Rs1000 crore and Tier II Bonds up to Rs1000 crore at coupon rates as per prevailing market conditions, subject to necessary approvals, during the Financial year 2018-2019.
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