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South Indian Bank to augment capital up to Rs 500 crore via bonds

South Indian Bank has decided to augment the capital by issue of Basel III compliant Tier II Bonds not exceeding Rs 500 crore in one or more tranches with or without green shoe option, on such terms and conditions as it may deem fit, subject to the approval of regulatory authorities, if any. The Board of Directors of the Bank at their meeting held on October 15, 2018, decided the same.

South Indian Bank is considered one of the most pro active banks in India with a competent tech savvy team of professional at the core of services.

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