Failed to connect to MySQL: No route to host State Bank of Travancore to raise Rs 600 cr via bonds - Moneycontrol.com
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Tech Control
Moneycontrol

Home » News » Business

Feb 14, 2017, 06.08 PM | Source: PTI

State Bank of Travancore to raise Rs 600 cr via bonds

SBI associate State Bank of Travancore (SBT) plans to raise up to Rs 600 crore by issuing Basel III-compliant bonds to augment its tier-I capital.

Like this story, share it with millions of investors on M3

State Bank of Travancore to raise Rs 600 cr via bonds

SBI associate State Bank of Travancore (SBT) plans to raise up to Rs 600 crore by issuing Basel III-compliant bonds to augment its tier-I capital.

Post Your Comments

Share Cancel

| 1 Comments
State Bank of Travancore to raise Rs 600 cr via bonds
SBI associate State Bank of Travancore (SBT) plans to raise up to Rs 600 crore by issuing Basel III-compliant bonds to augment its tier-I capital.

SBT said the Executive Committee of the bank's board of directors will meet on Saturday to decide on the same.

"The Executive Committee is scheduled to meet on February 18 to consider and approve raising of up to Rs 600 crore by way of issue of Basel III compliant perpetual bonds under additional tier-I category of capital," the bank said in a regulatory filing.

A security instrument with fixed income, perpetual bonds have no maturity date and are not redeemable, so they may be treated as equity, not debt.

Shares of SBT closed flat at Rs 565.10 on BSE.

Buy, Hold, Sell ? Hear it first on M3
State Bank of Travancore to raise Rs 600 cr via bonds

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login