Board of South Indian Bank to consider fund raising thru debt issue

On 06 June 2018

The Board of South Indian Bank at its meeting held on 06 June 2018 to consider the following -

1.Augmenting the Paid-up Capital of the Bank by further issue of shares, subject to regulatory approvals as may be required.

2.Borrowing / raising funds in Indian /foreign currency by issue of debt securities on private placement basis, subject to regulatory approvals as may be required.

3.Increase in the overall borrowing limits, subject to shareholders' approval.

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