Financial Daily from THE HINDU group of publications
Tuesday, Aug 23, 2005

Port Info

Group Sites

Money & Banking - Private Banks

South Indian Bank garners Rs 65 cr from Tier II bonds

Our Bureau

Kochi , Aug. 22

THE Thrissur-based South Indian Bank has mopped up Rs 65 crore by way of Tier II bonds which will not only go in augmenting the capital base of the bank, but would also facilitate business expansion.

The issue, which opened on August 22, got fully subscribed within half an hour, according to a release from the bank.

The bonds had got dual rating from Fitch India Pvt. Ltd and CARE ratings.

The bank is considering various options to further increase its capital base and is planning to move the necessary resolutions in the ensuing AGM to be held during the coming month, the release added.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee sheds 4 paise; securities weak

Birla Sun Life launches single premium plan
Cap likely on third party liabilities of insurers
Pilot project for online motor claims processing under way
South Indian Bank garners Rs 65 cr from Tier II bonds
South Indian Bank plans to open arms in W. Asia
Indian Bank raises $100 million through syndicated loan
Corporation Bank signs pact with IL&FS Investsmart
PHD Chamber urges RBI to lower rates on export finance
Banks rejig rates to cash in on festival season

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line