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Monday, September 17, 2012

Karnataka Bank to issue tier-II bonds

Karnataka Bank Ltd has decided to augment its capital funds by issue of tier-II bonds. The bank informed the NSE that the board of directors, which met on September 14, has discussed the matter of raising the capital funds.

“The board, after deliberations, decided not to raise equity capital. It was further decided to augment the capital funds by issue of tier-II bonds,” the bank informed the exchange.


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