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Public sector lender Bank of Maharashtra plans to mop up Rs 500-1,000 crore by issuing Tier-I bonds this year, according to Chairman and Managing Director S Muhnot.
“We will look at raising Basel III-compliant additional Tier-1 capital, instead of taking up further equity right now.
“We may raise Rs 500-1,000 crore during this financial year,” Muhnot told newspersons here on the sidelines of a banking conclave organised by FICCI and the Indian Banks’ Association.
Currently, the bank’s capital adequacy ratio stands at around 11.
Muhnot said the bank sees its credit growth moderating to 12-15 per cent in FY15.
Source : The Hindu
“We will look at raising Basel III-compliant additional Tier-1 capital, instead of taking up further equity right now.
“We may raise Rs 500-1,000 crore during this financial year,” Muhnot told newspersons here on the sidelines of a banking conclave organised by FICCI and the Indian Banks’ Association.
Currently, the bank’s capital adequacy ratio stands at around 11.
Muhnot said the bank sees its credit growth moderating to 12-15 per cent in FY15.
Source : The Hindu
1 comments:
This Information is really good and informative. Thanks for it.
Shilpa Medicare
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