According to the bank, the general body of its shareholders have approved all 13 resolutions at the 14th Annual General Meeting (AGM) of the company held on Tuesday. The company said that Kapoor's re-appointment is subject to final approval by the Reserve Bank of India (RBI).
"The shareholders have approved through special resolution to raise capital aggregating up to $1 billion by way of issue of shares," the company said in a statement. "The shareholders also approved through special resolution the proposal to borrow/raise funds in Indian/foreign currency by issue of Debt Securities including but not limited to Non-Convertible Debentures, Medium Term Notes and Bonds up to a total amount of Rs 300 billion."
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