Deals & Growth
NewsData.io23 Sept 2026, 12:38 pm ISTDelayed
ESAF Small Finance Bank to raise Rs 500 crore via bonds
What happened
- The board of ESAF Small Finance Bank approved raising up to Rs 500 crore through non-convertible debentures.
- The funds will be used to increase the bank's Tier II capital.
- The bonds will be issued through private placement.
Key terms explained
Financial terms from this story, in everyday words.
- Non-convertible debentures (NCDs)
- Loans taken by a company from investors that cannot be converted into company shares.
- Tier II capital
- A layer of a bank's capital that acts as a buffer to absorb losses.
Original source
NewsData.io
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