Approval Of The Board By Circulation Issuance Of Equity Share Capital

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Approval Of The Board By Circulation Issuance Of Equity Share Capital To Government Of India Proposed Plan For Raising Capital During 2017-18

 Bank has on 31/03/2017 received infusion of Rs. 1500 crore from the Government of India, in the form of Common Equity Tier-1 Capital, which is being kept as share application money and would be allotted after following due procedure / conditions for allotment. The infusion is in terms of the Ministry of Finance, Department of Financial Services, Government of India, Communication no. F No. F/38/2014-BOA dated 16/03/2017. 2. The Bank is also seeking approval, by circulation, from the Board for a plan to raise capital during 2017-18.

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