South Indian Bank looking to raise capital.
Global Banking News-September 19, 2014--South Indian Bank looking to raise capital
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Global Banking News - 19 September 2014
India-based South Indian Bank is looking to raise capital.
The bank is said to be looking to raise up to INR5bn through a qualified institutional placement.
Amitabha Guha, non-executive chairman, said, 'We intend to raise between INR4bn and INR5bn from the proposed QIP. The fund-raising is being planned at the right price and at the right time.'
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