RBI issues draft circular on allowing UCBs to augment capital

The UCBs, as per the draft, will be permitted to raise Tier-I and Tier-II capital by issuing Perpetual Non-Cumulative Preference Shares (PNCPS), Perpetual Cumulative Preference Shares (PCPS), Redeemable Non-Cumulative Preference Shares (RNCPS) and Redeemable Cumulative Preference Shares (RCPS).

from Banking/Finance-Industry-Economic Times https://ift.tt/3i7zZNs