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| Exchange Received Time 07/04/2017 10:14:36 Exchange Disseminated Time 07/04/2017 10:14:39 Time Taken 00:00:03 | | Issue of Rated, Listed, Non-Convertible, Perpetual Subordinated Unsecured Basel III Compliant Bonds in the nature of DebenturesFurther to our letter dated April 5, 2017, relating to 'Prior intimation regarding issue of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III Compliant Bonds in the nature of Debentures', we are pleased to inform that the Board of Directors of the Bank have passed, by circulation, on April 6, 2017, the Resolution for issuance of Rated, Listed, Non-Convertible, Perpetual Subordinated Unsecured Basel III Compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakhs each for cash aggregating to Rs.1,000 crores (Rupees One Thousand crores only) on Private Placement basis.The said Debentures have been rated 'AA / Stable' by CRISIL Ltd. and 'IND AA' by India Ratings & Research Private Ltd. |
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