Federal Bank board to meet on March 18 to discuss fundraising proposal

The bank's board will meet in Kochi to discuss the proposal to raise funds by way of issue of unsecured Basel III Tier-II Subordinate Bonds in the nature of Debentures, amounting up to 1,000 crore, Federal Bank said in a regulatory filing.

Federal Bank board to meet on March 18 to discuss fundraising proposal
Shares of Federal Bank closed at Rs 126.60, down 0.98 per cent over the previous close on BSE. Pic: federalbank.co.in

Federal Bank on Wednesday said its board will meet on March 18 to decide on a proposal to raise up to Rs 1,000 crore by issue of debentures.

The bank's board will meet in Kochi to discuss the proposal to raise funds by way of issue of unsecured Basel III Tier-II Subordinate Bonds in the nature of Debentures, amounting up to 1,000 crore, Federal Bank said in a regulatory filing.

Also Read: RCB ropes in Equitas Small Finance Bank as banking partner for 2023 season of T20

Shares of Federal Bank closed at Rs 126.60, down 0.98 per cent over the previous close on BSE.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

Written By: PTI
Updated: Wed, Mar 15, 2023
06:32 PM IST
PTI
RELATED NEWS
HDFC Bank launches savings account product HDFC Bank launches savings account product
Cedar-IBSi Capital to fund 10-15 startups in fintech sector Cedar-IBSi Capital to fund 10-15 startups in fintech sector
Urban cooperative banks need to evolve digitally: RBI Deputy Governor Urban cooperative banks need to evolve digitally: RBI Deputy Governor
RBI cancels licence of Vijayawada-based Durga Co-op Urban Bank RBI cancels licence of Vijayawada-based Durga Co-op Urban Bank
Bank Locker Charges: From SBI to HDFC Bank and ICICI Bank – Know locker charges of 5 major banks Bank Locker Charges: From SBI to HDFC Bank and ICICI Bank – Know locker charges of 5 major banks

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x