RBL Bank has completed its first issuance of Basel III compliant unsecured and subordinated Tier 2 Notes aggregating to $100 million with a tenor of 117 months to United States International Development Finance Corporation (DFC), America’s development finance institution.
The Tier 2 issuance increases the Bank’s Total Capital Adequacy Ratio to 17.85%, enhancing the Bank’s overall capital adequacy. DFC is America’s development finance institution, part of the United States Government, and provides debt financing, equity investments, feasibility studies, investment funds, political risk insurance and technical assistance. DFC investments adhere to high standards and respect the environment, human rights and worker rights. This is DFC’s first investment in Basel III compliant Tier 2 Notes in India.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
| 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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