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South Indian Bank Limited ( (IN:SOUTHBANK) ) has provided an update.
South Indian Bank Limited has announced that its Board of Directors has approved the exercise of a call option on its non-convertible, fully paid-up, unsecured, Basel III Compliant, Tier 2 Bonds. These bonds, which have a face value of Rs. 1,00,000 each, were issued on November 28, 2017, and are listed on the BSE. The call option will be exercised on September 12, 2025, and the bank has informed eligible bondholders through electronic and postal communication. This strategic move is part of the bank’s ongoing efforts to manage its capital structure effectively, which may have implications for its financial stability and stakeholder confidence.
More about South Indian Bank Limited
South Indian Bank Limited is a financial institution based in Thrissur, Kerala, India. It operates within the banking industry, offering a range of financial services including loans, deposits, and investment products. The bank is focused on providing comprehensive banking solutions to its customers across India.
Average Trading Volume: 1,280,245
Technical Sentiment Signal: Strong Buy
Current Market Cap: 77.66B INR
For a thorough assessment of SOUTHBANK stock, go to TipRanks’ Stock Analysis page.