Kolkata: The board of on Thursday approved for raising up to Rs 300 crore and issuing for raising up to Rs 200 crore.
The share sale can happen by way of rights issue or or qualified institutions placement, the bank said in a to the stock exchanges. It also mentioned that these are enabling provisions and the approval will remain valid for one year from now.
The bank’s stood at 20.5% at the end of March, well above the regulatory requirement of 15% at the end of March.
Meanwhile, the board fixed July 17 as the for the 15% dividend it proposed last month.
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