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Suryoday Small Finance Bank Clears ₹400 Crore NCD Plan, Board Approves ₹200 Crore First Tranche

Suryoday Small Finance Bank Clears ₹400 Crore NCD Plan, Board Approves ₹200 Crore First Tranche
Photo: Free Press Journal · view original

Mumbai: Suryoday Small Finance Bank’s board has approved raising up to Rs 400 crore through non-convertible debentures (NCDs), as the lender looks to strengthen its capital base. The board has also granted specific approval for issuing up to Rs 200 crore under the first tranche, according to the...

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