The South Indian Bank Limited announced that the Capital Planning and Infusion Committee of Directors of the Bank on January 24, 2020 approved the allotment of 50,000 no.s of Rated, Unsecured, Perpetual, Non-Convertible, Basel III Compliant, Tier I Subordinated Bonds in the nature of debentures (the "NCDs") bearing a face value of INR 0.1 million each, at par to the investors identified by the Committee, aggregating to INR 5,000.00 million on private placement basis.