Tier II - III

ElasticRun extends the reach of a brand's direct distribution network to deep rural markets

Annual transacting users surged 80% to 140 million; orders up 135% to a record 910 million in CY22

CEO Sridhar Vembu says company wants to create 'economically prosperous rural communities' through its offices

54% of Ather Energy's sales come from Tier-II and Tier-III cities

Jammu and Kashmir Bank on Saturday said it has raised Rs 1,021 crore as Tier-II bonds from the market as part of its efforts to strengthen its capital position. The issue was oversubscribed by more than 100 per cent, J K Bank MD & CEO Baldev Prakash said. It will not only help boost our expansion plans as envisaged in our strategy for business growth especially in the rest of the country by improving our risk bearing capacity substantially but will also go a long way in maintaining adequate capital buffers over and above the regulatory BASEL - III compliance requirement, he added. Bank CFO P D Punjabi said the bank has accomplished the task well and it will be reckoned in the capital adequacy for the quarter ending December 2022. The capital issuance Committee of the bank's board has approved the allotment of these bonds, a spokesman of the bank said.

The quantum raised through Tier 2 bonds is set to rise much further in coming days as Axis Bank is slated to sell Rs 12,000 crore of such instruments on Friday

Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories

Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said

While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches

Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary also called upon startups to look for sustainable solutions for the problems being faced by the society at large

'The housing market will continue to remain resilient and grow this year, flagged by a strong underlying end user demand and growth of smaller cities,'

Exchange has over 7.3 mn users, has clocked over $21.8 bn in trading volume in 2021 till date; Tier-2 and 2 cities have driven 55% of total user sign-ups in 2021

E-commerce grew by 36% and 30% YoY in terms of volume and value respectively in Oct-Dec 2020, according to a report by Unicommerce and Kearney

For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge

The move is part of steps to absorb non-performing assets before LVB's amalgamation with DBS Bank

The bank also has flexibility to raise additional equity from the market, with government stake at 89.1 per cent as of June 30