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