The South Indian Bank Limited announced that the Capital Planning and Infusion Committee of Directors of the Bank ('Committee') approved the information memorandum for issuance of rated, unsecured, redeemable, non-convertible, Basel III compliant, lower Tier 2 subordinated bonds bearing a face value of INR 0.1 million each, up to INR 1,500 million with an option to retain an over-subscription aggregating up to INR 1,000 million aggregating to a total issue size of INR 2,500 million on private placement basis.