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State bank of Mysore to raise Rs 100 cr Tier 1 Capital
State Bank of Mysore today announced that it plans to raise Rs 100 crore of Tier 1, or core capital, through Perpetual Debt Instruments. - Sail rises on new project plans - FMPs: Wait for interest rate hikes - Making each paisa count - Mutual funds" investor base falls in October - FinMin writes to RBI in support of ADAG"s borrowing plans - India Eco Summit: Jubilant Organosys to invest Rs 250 cr 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.Quick Quid commented:
The banks want to expand its business and they want to operate in many activies related with the banking.Its high time for every bank as they are in mood to grow and are hiring in great numbers.
09.12.2011
Payday Loans commented:
informative blog for the users.State bank of Mysore will raise its investment to Rs100 cr for its new project plans.
14.03.2012