SEBI Listing Regulation Compliance

 

 

 

 

The Executive Director

The BSE Ltd.                                                                                                              21.12.2015

Phiroze Jeejeebhoy Tower,

25^th Floor, Dalal Street,                                                                                      CC/S&B/MJ/

Mumbai - 400001

 

Dear Sir/Madam,

 

SEBI listing Regulation: Outcome of meeting of Committee of Directors

 

In terms of Regulation 30 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we advise that the Committee of Directors, duly authorized by the Board, in their meeting today, inter-alia authorized the Bank to raise upto Rs.12,000 crores (Rupees Twelve thousand crores), by way of issue of Basel III compliant Tier II bonds, at par, through private placement, in such number of tranche(s), at such time(s) as may be considered appropriate and on such coupon(s) as may be decided at the time of actual issuance.

 

        2. Please arrange to take said outcome on record.

 

Yours faithfully,

 

 

 

      

(Rashmi Prasad)

General Manager

Encl: as above