Mumbai, June 24 -- The bank's board has approved a proposal for raising up to Rs 1,250 crore through a qualified institutions placement (QIP) and other eligible equity-linked securities in one or more tranches.

The board also approved raising up to Rs 500 crore through rated, listed, unsecured, subordinated, redeemable non-convertible debentures, bonds or other debt securities on a private placement basis.

The proposed capital raising is subject to shareholder and regulatory approvals. The enabling resolutions will be placed before shareholders at the bank's 10th Annual General Meeting scheduled for 09 September 2026.

The board also approved the reappointment of Vasudevan P. N. as the managing director & CEO of the bank for a further t...