Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting regarding capital raising plan

Date of Board Meeting / Approval: May 26, 2026

Board Meeting Timing: Commenced at 11:00 A.M. and concluded at 2:00 P.M.

Corporate Actions:

Capital Raising Plan:

The Board of Directors approved a comprehensive capital plan to raise capital up to ₹8,000 crore, subject to necessary approvals.

Equity Capital Raising:

  • Approval to raise equity capital not exceeding ₹3,000 Crore within the overall ₹8,000 Crore limit
  • To be raised in tranche(s) through one or more of the following methods:
  • Public Issue (Further Public Offer)
  • Rights Issue
  • Private Placements including Qualified Institutions Placements
  • Preferential Allotment
  • Combination(s) of the above methods
  • The equity issuance is targeted at eligible institutions and/or other eligible investors
  • Subject to approval of Government of India, other regulatory authorities, and shareholders of the Bank

Debt Capital Raising:

  • Approval to raise Basel III compliant Additional Tier 1 Bonds or Tier 2 Bonds not exceeding ₹5,000 Crore within the overall ₹8,000 Crore limit
  • This includes the option to issue foreign currency denominated AT1/Tier 2 Bonds

Other Significant Information:

Approval Requirements: The entire capital raising plan is subject to multiple approvals including:

  • Government of India approval
  • Other regulatory authorities' approval
  • Shareholders of the Bank approval

Signing Date and Time: May 26, 2026 at 14:04:03 +05:30