Kolkata: The board of Suryoday Small Finance Bank on Thursday approved share sales for raising up to Rs 300 crore and issuing debt instruments for raising up to Rs 200 crore.
The share sale can happen by way of rights issue or preferential allotment or qualified institutions placement, the bank said in a regulatory filing 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 capital adequacy ratio 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 record date for the 15% dividend it proposed last month.