Central Bank of India is looking at various options that also includes follow-on-public offer for raising funds, according to the Chairman and Managing Director H A Daruwala.
It also includes hybrid and subordinate bonds, which could be exercised to raise the required capital to meet the capital adequacy ratio (CAR) under the Basel-II norms.
Daruwala also added that the bank's capital adequacy ratio stood at 10.42 per cent in the last fiscal and targeted to raise the ratio to 11 per cent at the end of March, 2009.
The bank has entered the capital market in October 2007. As per the guidelines, it has to wait for one year before coming out with follow-on public offer.
It also includes hybrid and subordinate bonds, which could be exercised to raise the required capital to meet the capital adequacy ratio (CAR) under the Basel-II norms.
Daruwala also added that the bank's capital adequacy ratio stood at 10.42 per cent in the last fiscal and targeted to raise the ratio to 11 per cent at the end of March, 2009.
The bank has entered the capital market in October 2007. As per the guidelines, it has to wait for one year before coming out with follow-on public offer.
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