Issue of Rated, Listed, Non-Convertible, Perpetual Subordinated and Unsecured Basel III compliant Additional Tier I Bonds (AT1 Bonds) in the nature of Debentures

In continuation of our letter dated February 13, 2019, we hereby inform that the Board of Directors of the Bank have today, March 18, 2019, approved via circulation the issuance of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier I Capital (AT1 Bonds) for a Face Value of Rs.10 Lakhs each for cash for an aggregate amount of upto Rs. 2,000 crores (Rupees Two Thousand crores only) with base issue size being Rs.1,000 crores (Rupees One Thousand crores only) and a Green-Shoe Option to retain oversubscription upto Rs.1000 crores (Rupees One Thousand crore only), subject to approvals and consents of Regulatory Authorities. The above-mentioned Bonds will be listed on the National Stock Exchange of India Limited.