Rs 1,000 crore to be raised by Bank of Maharashtra in Q4
Tue, Jan 19, 2021 7:16 PM

Rs 1,000 crore to be raised by Bank of Maharashtra in Q4

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Bank of Maharashtra is considering to raise up to Rs 1000 crore in bonds before the end of the fiscal. Chief executive AS Rajeev announced that the bank would raise Rs 500 crore in tier 2 bonds soon while it may go for another Rs 500 crore in additional tier 1 (AT1) bonds if pricing is attractive. The informed capital raising is part of its growth plan for the next financial year starting April.

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