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Central Bank of India to raise Tier II capital up to Rs 1000 crore

Capital Market 

On 21 September 2019

Central Bank of India announced that the Capital Raising Committee of the Bank at its meeting held on 21 September 2019 approved the proposal to raise Tier II Capital as mentioned hereunder -

1. BASEL III Tier II Bonds with Call option for an amount upto Rs 500 crore.
2. BASEL III Tier II Bonds without Call option for an amount upto Rs.500 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 21 2019. 18:57 IST