Further to our letter no.SH: 186/2024-25 dated February 14, 2025 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Board of Directors of the Bank has, at its meeting held on February 22, 2025, inter-alia considered and approved the proposal for raising of funds by way of issuance of non-convertible debentures in the form of Basel III compliant Tier-II Bonds subject to an aggregate limit of Rs.300 crores, subject to the requisite approvals of Regulators / Shareholders.