CENTRAL BANK OF INDIA - Raising of Tier I Capital during the Financial Year 2015-16
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| 16 Mar 2015 | |
| Central Bank of India has informed BSE that Board of Directors of the Bank at its meeting held on March 14, 2015 has inter-alia approved the proposal to explore and raise Tier I capital of Rs. 2419.00 crore or above amount if required or if found suitable during Financial year 2015-16 either by issuance and allotment of equity shares and/or Innovative Perpetual Debt Instruments (IPDI) and Perpetual Non-Cumulative Preference Shares (PNCPS) having characteristics of Tier I capital as per BASEL III guidelines which invariably should contain the features of loss absorption clause i.e. AT1, or combination of them, through various modes such as - Preferential Issue, QIP, Rights Issue, FPO, etc. for equity shares, and on private placement basis for IPDI and PNCPS subject to approval of Government of India, Reserve Bank of India and other statutory authorities (if any). Capital Raising Committee of the Board was also authorized to take all operative steps and do all such acts, deeds & things as may be deemed necessary and incidental for raising of Tier I Capital. | |
| View all announcements for CENTRAL BANK OF INDIA | Source: BSE India |
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