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South Indian Bank raises Rs 490 crore through bonds

29 Nov 2017 Evaluate

South Indian Bank has allotted 49,000 numbers of Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds, for Inclusion in Tier 2 Capital of the Bank in the nature of debentures of the face value of Rs 1,00,000 each at par aggregating Rs 490 crore with interest at 9.50% per annum payable half yearly for a period of 126 months. The said Non-Convertible, Redeemable, Unsecured, Basel III Compliant Tier 2 Bonds shall be listed on BSE.

The Bank has reported 96.09% fall in its net profit at Rs 4.32 crore for second quarter ended September 30, 2017 under review as compared to Rs 110.52 crore for the same quarter in the previous year. However, total income of the Bank increased by 13.82% at Rs 1816.67 crore for Q2FY18 as compared Rs 1596.08 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 3.57%, as compared to 3.96% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.57% in Q2FY18.


South Indian Bank Share Price

38.95 0.17 (0.44%)
17-Apr-2026 16:59 View Price Chart
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