Karnataka Bank raises Rs 250 cr through bond issue
By Ankit Sharma
Nov 20, 2012
Print    Email    RSS   

Bangalore based Karnataka Bank has raised Rs 250 crore by issuing of the 10-year lower tier-2 bonds.

Karnataka Bank also informed to Bombay Stock Exchange (BSE) that the bank has raised Rs 250 crore by issuing of the lower two tier bonds which are non-convertible subordinated debt instruments which are in the nature of debentures.

The issue of the two tier bond with the tenure of 10 years was opened for subscription on October 22nd and it closed on November 12th, 2012.

On March, 31, the capital to risk weighted assets ratio (CRAR) of Karnataka Bank was 12.84 per cent. Tier- I capital was around 10.86 per cent and Tier-II capital consisted 1.98 per cent.

The issue of the bonds has improved the capital funds and the bank has informed this to BSE. And due to this the bank will further expand the credit portfolio in the coming days.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Pay income tax through ATM
How to decide on a loan for business?
Carnival of Indian Personal Finance Blogs #2
Get a loan to meet your any personal need
Do rising NPAs reflect an ailing banking...

We offer financing without delay. Interested should...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive