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SIB bonds fully subscribed
COIMBATORE:
The Thrissur-based South Indian Bank has mopped up Rs. 65 crore by way of Tier-II bonds to augment additional capital for business expansion. According to its Chairman and Chief Executive Officer, V. A. Joseph, the issue opened on Monday (August 22) and got fully subscribed within half-an-hour. The Coimbatore branch of the bank handled business to the tune of Rs. 1,300 crore. The Chairman was here to participate in a function organised in connection with the shifting of the Saibaba Colony branch of the bank to a new premises on NSR Road on Monday.
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