State Bank of Bikaner to raise Tier I capital through IPDI

State Bank of Bikaner & Jaipur has announced that the Bank has decided to raise Tier I capital by private placement of Innovative Perpetual Debt Instruments (IPDI) of Rs 200 crore. The necessary approval from the Directors of the Board has been obtained at its meeting held on January 19, 2007.

Source : Equity Bulls

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