South Indian Bank is planning to raise up to Rs 2,500 crore to shore up its capital base for business growth and meet regulatory norms. The bank's shareholders had given approval for this fundraise in the previous annual general meeting last fiscal, however, the bank did not raise the funds. A banking company requires adequate capital not only to meet the needs of a growing business but also to comply with the applicable regulatory requirements.
In its ensuing annual general meeting scheduled to be held on July 12, the lender will seek shareholders' approval to raise tier-I capital of up to Rs 2,000 crore through the issuance of securities by various modes. It will also seek permission to raise an additional Rs 500 crore to comply with Basel III norms by issuing bonds on a private placement 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.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: