“The board of directors have approved raising funds in Indian/foreign currency up to an amount of Rs. 10,000 crores by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note,” the lender said in an exchange filing.
The lender had raised nearly Rs 15,000 crore last year through a follow-on public offering. The lender’s capital adequacy ratio was 17.5 percent, while the common equity tier-I (CET-I) ratio stood at 11.2 percent at the end of March.
The bank had reported a net loss of Rs 3,787.75 crore in the March quarter versus a profit of Rs 2,629 crore a year ago. The lender also reported fresh slippages worth Rs 11,800 crore during the March quarter.
On the asset front, the bank’s gross non-performing assets (NPAs) as of March 31, 2021 stood at 15.41 per cent of the gross advances, slightly down from 16.80 per cent in the year-ago period. However, net NPAs rose to 5.88 per cent from 5.03 per cent in the year-ago period.