Shares of the company were trading 0.22 per cent up at Rs 302.70 on BSE
With an issue size of Rs 2,000 crore, the company can retain over-subscription of up to Rs 8,000 crore
The NCDs are proposed to be listed on the National Stock Exchange and BSE
The original issue plan was to raise Rs 1,000 crore, with an option to retain oversubscription of up to Rs 4,000 crore
The issue will open for subscription on August 3 and close on August 16
The bond's structure protects investors as well as the issuer in case of extreme fluctuation in inflation numbers
Gross NPA was at 0.98% and the Net Interest Margin increased to 2.91% at the end of June
The company plans to raise Rs 25,000-27,000 cr this year to fund loan growth and hopes to mop up 10% of this from retail deposits
The meeting will be held on to consider and approve