South Indian Bank has received an approval for raising of funds by way of issuance of equity capital up to Rs 20 crore in one or more tranches. The Board of Directors of the Bank in its meeting held on June 06, 2018, approved the same.
The Board has also given approval for raising of funds in Indian/ foreign currency by way of issuance of debt securities including but not limited to non-convertible debentures, Bonds up to Rs 500 crore by the Bank, in domestic and/ or overseas market, on a private placement basis in one or more tranches. Besides, the Board also gave approval to increase borrowing power from the present limit of Rs 10,000 crore to Rs 12,000 crore.
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.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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