The South Indian Bank Limited (BSE:532218) said its board has approved raising up to Rs 1,250 crore through a mix of equity and debt instruments. It will seek shareholders'' nod in the upcoming annual general meeting (AGM), the bank said in a regulatory filing. The board has approved raising up to INR 750 crore or its equivalent amount in foreign currencies, by issuance of equity shares/other securities including through public issue, private placement and/or preferential issue, among others, in one or more tranches. The board also approved raising up to INR 500 crore through issuance of debt instruments in domestic and/or foreign markets on a private placement basis. The bank said it will seek shareholders'' approval for these decisions at the AGM later in September.