Page 3 - Tier Ii - Iii

SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

RBI introduces compliance function for UCBs in Tier-3 and 4 categories

The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories

Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds

Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said

SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale

While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches

SBI likely to issue Rs 7,000-cr additional tier-I bonds by August-end

Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

Focus on tier 2, 3 cities: DPIIT Secretary Anurag Jain to startups

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary also called upon startups to look for sustainable solutions for the problems being faced by the society at large

Tier-II,III cities to drive growth over next 2 years: Sundaram Home Finance

'The housing market will continue to remain resilient and grow this year, flagged by a strong underlying end user demand and growth of smaller cities,'

Crypto exchange WazirX sees huge rise in users from tier-2 & 3, women

Exchange has over 7.3 mn users, has clocked over $21.8 bn in trading volume in 2021 till date; Tier-2 and 2 cities have driven 55% of total user sign-ups in 2021

Small towns outpace tier-1 cities for shopping as Covid pushes e-commerce

E-commerce grew by 36% and 30% YoY in terms of volume and value respectively in Oct-Dec 2020, according to a report by Unicommerce and Kearney

Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report

For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge

Lakshmi Vilas Bank's Rs 318.2 cr worth of Tier-II bonds to be written down

The move is part of steps to absorb non-performing assets before LVB's amalgamation with DBS Bank

Union Bank plans to raise Rs 2,000 crore by issuing Tier-II bonds

The bank also has flexibility to raise additional equity from the market, with government stake at 89.1 per cent as of June 30

Changing times: Social puts the zing into e-commerce in tier-2, 3 cities

Investors pouring big bucks into social commerce to tap India's large lower income group market

Tier-II, III cities now preferred destinations for warehousing: Experts

To control the spread of deadly coronavirus, the government announced a nationwide lockdown on March 25, restricting movement of people and goods to other cities unless "essential services"

IDBI Bank raises capital worth Rs 745 cr via tier-II bonds after 2 years

Bank officials said the money raised through tier II bond offering is expected to increase Capital Adequacy Ratio (CAR) by about 50 basis points

Tier II cities more prone to cyber security threats: K7 Computing report

Patna is most susceptible, with 47 per cent of its netizens saying they had been attacked

ShareChat to hire 100-150 people; strengthen presence in tier II cities

Given that the platform is available for users in their local Indian languages, the engagement levels are high at about 23-24 minutes a day.