“We have the permission in place and have started work on it,” Shaji said, speaking on the sidelines of the annual Fibac event here.
The bank is keen to undertake the issuance in FY26 itself, Shaji said, choosing not to point out to an exact timeline or quantum to be raised.
Proceeds of the issue will be deployed for climate change-related financing activities for which funds are available at a discount, he said, adding that nearly the entire rural portfolio of the lender will qualify under the category.