DCB: Outcome of board meeting

Apr 12, 2013, 02.24 PM IST

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DCB: Outcome of board meeting

Development Credit Bank (DCB) at its meeting held on April 12, 2013 has approved issue of Subordinated Tier II Bonds up to an amount of Rs 200 cr to be raised during the financial year 2013-14 in one or more tranches, subject to securing appropriate regulatory and other approvals, as applicable.

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DCB: Outcome of board meeting

Development Credit Bank (DCB) at its meeting held on April 12, 2013 has approved issue of Subordinated Tier II Bonds up to an amount of Rs 200 cr to be raised during the financial year 2013-14 in one or more tranches, subject to securing appropriate regulatory and other approvals, as applicable.

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Development Credit Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on April 12, 2013 has approved issue of Subordinated Tier II Bonds up to an amount of Rs. 200 crores (Rupees Two hundred crores only) to be raised during the financial year 2013-14 in one or more tranches, subject to securing appropriate regulatory and other approvals, as applicable.Source : BSE

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