Kumari Bank appoints Siddhartha Capital as issue manager for its debenture; to provide 11% interest annually for 10 years

Thu, Aug 25, 2022 9:55 AM on Latest, Bonds & Debentures,

Kumari Bank has appointed Siddhartha Capital as issue manager to float its Rs 3 Arba worth 11% Kumari Debenture 2089 to the general public.

Interested investors can apply for a minimum of 25 to a maximum of 12 lakh unit debentures through all CASBA member BFIs and meroshare, as per the media statement.

The Bank currently serves its 197 branches, 191 ATM outlets, 26 extension counters and 49 branchless banking units under its network.