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Board of AU Small Finance Bank approves raising of Tier II capital

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Capital Market
Last Updated : Jul 29 2022 | 10:16 AM IST

At meeting held on 29 July 2022

The Board of AU Small Finance Bank at its meeting held on 29 July 2022 has approved issuance of Unsecured, Rated, Listed, Redeemable, Subordinated, Non-Convertible, Lower Tier II Bonds in the form of Non-Convertible Debentures being categorized as Tier II Capital under Basel II norms up to Rs. 600 crore including green shoe option of Rs. 200 crore.

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First Published: Jul 29 2022 | 9:54 AM IST

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