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South Indian Bank gets shareholders' nod for raising equity capital of Rs 240 crore

24 Mar 2021 Evaluate

South Indian Bank’s shareholders have approved raising equity capital of Rs 240 crore through qualified institutional placement (QIP). The shareholders of the bank at the extraordinary general meeting approved the resolution for issuance of equity shares on preferential basis.

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

Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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