RBL Bank looks to raise up to Rs 1,800 crore through a mix of preferential issue and QIP
Updated : November 28, 2019 06:32 PM IST
RBL Bank's board meeting is scheduled on November 30 to approve the fund raise, it told stock exchanges on November 27.
The board of RBL Bank approved share sale plan to raise up to Rs 3,500 crores earlier this year. RBL Bank's Capital Adequacy Ratio stood at 12.3 percent (incl interim profits) as of Q2 FY20 compared to 13.7 percent the year ago.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more