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

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Capital Market
Last Updated : May 29 2018 | 3:50 PM IST

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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First Published: May 29 2018 | 3:23 PM IST

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