The board of directors considered and approved raising capital through the issuance of non-convertible, callable, unsecured Tier II-compliant Basel III-compliant bonds in an amount of up to ₹1,500 crore, the bank said in a filing.
The base issue size is ₹500 crore with green shoe option up to ₹1,000 crore.
Under Basel III capital regulation, banks worldwide must improve and strengthen their capital planning processes.
Shares of the Central Bank of India settled 4.93 percent higher at ₹30.85 each on
Google-backed Adda247 awards ESOPs worth ₹150 crore to employees
Fintech firm Money View raises $75 million in Series E funding led by UK-based Apis Partners