AU Small Finance Bank has secured ₹770 crore by selling tier-II bonds at a 9.20% annual coupon rate. The significant investors include HDFC Bank and Nippon India Mutual Fund. The raised funds will boost the bank’s capital adequacy ratio by 1%, enhancing its capacity to offer digital banking services nationwide.
Recent Posts
- Popular Crypto Analyst Says Doing This One Thing Will Make Bitcoin ‘More Compatible With The Financial World’: Can It Really Make BTC Take Off?
- Michael Saylor Drops ‘Back To The Future’ Reference To Promote Bitcoin, Shiba Inu Flaunts Its Own DeLorean Links
- S&P 500 Snaps 6-Session Winning Streak: Investor Sentiment Edges Lower, But Fear Index Remains In ‘Greed’ Zone
- Top Wall Street Forecasters Revamp VF Corporation Expectations Ahead Of Q4 Earnings
- TJX Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts