Board approves Rs 100 Cr Lower Tier II NCD issuance via private placement
SURYODAY · price
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Suryoday Small Finance Bank's board on Oct 22, 2026 approved raising up to Rs 100 Crore through Lower Tier II Non-Convertible Debentures on a private placement basis. The NCDs will be unsecured, subordinated, rated, listed on BSE, and issued in demat form in a single tranche. These bonds count as Tier II capital under Basel II norms. This is debt, not equity, so no shareholder dilution.
Debt raise, no equity dilution. Strengthens bank capital base under Basel II. Adds interest obligation.