Central Bank of India (CBI) is planning to raise Rs 500-600 crore in the current financial year.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"We are examining all options for raising funds. These may include a basket of products such as hybrid and subordinate bonds, which could be exercised to raise the required capital to meet the capital adequacy ratio (CAR) under the Basel-II norms," HA Daruwalla, chairman and managing director, Central Bank of India, said. 
</p><p class='TableClas'>The bank is also planning to apply to the ministry for a follow-on public offer (FPO). "We will complete one year of the IPO only in August this year and we would definitely like to go to the ministry for the FPO thereafter as the response for our IPO was overwhelming," she added. </P></p></table>


Central Bank to raise Rs 600 crore

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