AU Small Finance Bank completes capital raise of Rs 2500 crore

Image
Capital Market
Last Updated : Aug 10 2022 | 6:50 PM IST
AU Small Finance Bank announced the successful completion of a total capital raise of Rs 2,500 crore comprising of Tier I capital of Rs 2,000 crore and Tier II capital of Rs 500 crore. This takes the Bank's overall capital adequacy ratio (CRAR) from 19.4% to 25.7% (as on 30th Jun 2022 on pro-forma basis). The fresh capital will be used to support the Bank's growth plans over the medium term and will help maintain sufficient headroom over and above the regulatory capital adequacy requirements.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2022 | 5:45 PM IST

Next Story