Board of South Indian Bank decide to augment capital up to Rs 500 cr

At meeting held on 20 November 2017

The Board of South Indian Bank at its meeting held on 20 November 2017 has decided to augment the capital by issue of Basel III compliant Tier II Bonds not exceeding Rs. 500 crore in one or more tranches with or without green shoe option, on such terms and conditions as it may deem fit, subject to the approval of regulatory authorities, if any.

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