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DCB Bank informs about exercise of call option on NCD

17 Dec 2022 Evaluate

Vide the its Letter.No.CO:CS:RC:2022-23:130 dated September 17, 2022, the Stock Exchanges were informed that the Bank had decided to exercise the Call Option on the Non-Convertible, Redeemable, Unsecured, Basel Ill Compliant Tier 2 Bond(s) [ISIN: INE503A08044] subject to receipt of necessary regulatory approvals. DCB Bank has informed that the Reserve Bank of India (RBI) has permitted the Bank to exercise the Call Option of Non-Convertible, Redeemable, Unsecured, Basel Ill Compliant Tier 2 Bond(s) [ISIN: INE503A08044] vide letter dated December 13, 2022 and the Bank is in the process of exercising the Call Option on the due date, January 12, 2023 as per the terms of issuance.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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