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.
The bank shares were trading at Rs 597.15 per share on the Bombay Stock Exchange Thursday afternoon, 1 per cent below the previous close.
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