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| Exchange Received Time 20/03/2018 12:32:07 Exchange Disseminated Time 20/03/2018 12:32:09 Time Taken 00:00:02 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Board of Directors of the Bank at its meeting held today, i.e, March 20, 2018, approved the proposal for issue of unsecured redeemable non-convertible Basel-III compliant subordinated Tier-II Bonds in the nature of Debentures of Rs. 10,00,000/- each ('Bonds'), upto a maximum of Rs. 150 Cr., at Rs. 10,00,000 each, with a tenor of 7 years, on private placement basis, at an interest of 11.00% per annum payable on half-yearly basis.
Further, the Board of Directors also approved the Disclosure Document for the issue of the above mentioned Bonds.
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