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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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Publication:Global Banking News (GBN)
Date:Sep 19, 2014
Words:103
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