The bank has embarked on a transformation programme
Urges banks for consolidation
The bank's Board approved the fund raising in its meeting held on December 22
The bank has taken the decision to hike the rates based on the asset liability mismatches
The hike in rates is to meet asset liability mismatches in the particular time buckets
The bank has sought capital injection of about Rs 950 crore to fund business growth
Move comes amid slow growth of deposits
Asset quality pressure likely to persist, with a rise in requests for a second debt recast bankers expect some improvement in FY14
Analysts see 50-100 basis point rate cut next year, expect repo rate cuts in the period between January and March
Dollar's gains against yen and other currencies in the overseas markets influence rupee