The Board of Karnataka Bank at its meeting held on 22 March 2022 has approved the proposal for issuance of Basel III compliant Unsecured Tier-2 Subordinated Bonds in the nature of Debentures with a base issue size of Rs.150 crore and a green shoe option to retain oversubscription up to Rs.150 crore, aggregating up to Rs 300 crore in one or more tranches on private placement basis.
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