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Suryoday Small Finance Bank's board approved the issuance of up to Rs. 100 Crore in unsecured, subordinated Lower Tier II Non-Convertible Debentures.
Suryoday Small Finance Bank Limited allotted 200 Basel II compliant unsecured Non-Convertible Debentures (NCDs). The private placement raised Rs. 200 Crore at a 10.05% annual coupon.
Suryoday Small Finance Bank's board approved issuing up to Rs. 200 Crore in non-convertible debentures. The board also appointed Ms. Geeta Krishnan as interim Company Secretary.