Board to consider raising funds via Tier II NCDs on private placement
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Suryoday Small Finance Bank has informed exchanges that its Board will meet on October 22, 2026 to consider raising funds by issuing Non-Convertible Debentures classified as Tier II Bonds on a private placement basis, subject to required approvals. No specific amount or coupon rate has been disclosed yet.
If approved, the Tier II NCD issuance will bolster the bank's capital base and support lending growth, though final terms will be decided at the board meeting.