By issue of Basel III Compliant Tier 2 Bonds
State Bank of Mysore announced that the Bank on 01 January 2016 has raised Rs. 300 crore of non-convertible, redeemable, unsecured, Basel III Compliant Tier 2 Bonds, for inclusion in tier 2 capital of the Bank, in the nature of debentures of face value of Rs. 10 lakh each (bonds) at par aggregating Rs. 300 crore.Powered by Capital Market - Live News