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| Exchange Received Time 05/04/2017 17:17:43 Exchange Disseminated Time 05/04/2017 17:17:52 Time Taken 00:00:09 | | Pursuant to the above-referred Regulations, we inform that the Bank proposes to raise funds by issue and allotment of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III Compliant Bonds in the nature of Debentures towards Non-Equity Regulatory Additional Tier I 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 borrowing shall be within the overall borrowing limits of the Bank as may be approved by the shareholders from time to time. The Board of Directors of the Bank shall consider the proposal for issuance and allotment of the above securities via Circular Resolution. Upon receipt of approval of the Board of Directors, we shall intimate the date of passing of the Circular Resolution and other details of the said Issue. Kindly take the above information on record and oblige. |
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