Date: November 11, 2026
Board Meeting Outcomes
- The Capital Raising Committee (CRC) meeting is scheduled for Monday, November 16, 2026
- The CRC will consider and approve commercial terms for proposed issuance of subordinated debt instruments
- This follows the Board's in-principle approval dated October 15, 2026 for fundraising through NCDs
Fundraising Details
- Instrument Type: Unsecured, rated, listed, redeemable, fully paid-up, non-cumulative, subordinated Non-convertible Debentures (NCDs)
- Total Amount: Up to ₹500 crore (Indian Rupees five hundred crore only)
- Issuance Structure: In one or more tranches
- Placement Basis: Private placement