State bank of Mysore to raise Rs 100 cr Tier 1 Capital
BS Reporter / Mumbai Nov 19, 2009, 13:24 IST
State Bank of Mysore today announced that it plans to raise Rs 100 crore of Tier 1, or core capital, through Perpetual Debt Instruments.
The bank also plans to raise Rs 600 crore through a rights issue which will further augment Tier 1 capital. The Bank’s capital adequacy ratio as of 30 September, 2009 was 12.63 per cent.
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