state owned Central Bank of India Will raise Rs 1,500 crore this fiscal by issuing Basel III Compliance Bond. This decision was taken in the bank board meeting held on Monday.
The Board of Directors considered and approved the extension Capital Through issue of non-convertible redeemable unsecured Basel III compliant Tier II bonds for an amount up to Rs.1,500 crore, corner said in a regulatory filing.
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The base issue size is Rs 500 crore with a green shoe option of up to Rs 1,000 crore.
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Under Basel-III capital regulations, banks globally are required to reform and strengthen their capital planning processes.
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Shares of Central Bank of India Sensex closes 4.93 percent higher at Rs 30.85 bse,
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