At meeting held on 16 January 2020
The Board of South Indian Bank at its meeting held on 16 January 2020 has approved the issuance of unsecured, perpetual, non-convertible, Basel III compliant, Tier I bonds not exceeding Rs.500 crore, in one or more tranches, with or without green shoe option ("Bonds"). The Bonds are being issued on a private placement basis to augment the Bank's Tier I capital, on such terms as the Board or Board approved committee may deem fit, subject to applicable regulatory approvals, if any.Powered by Capital Market - Live News
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