Ahead of merger with SBI,associate SBT to raise up to Rs 600 crore
"The executive committee of the board of directors of the bank at its meeting held on February 18, 2017 has approved the raising of up to Rs 600 crore by way of issue of Basel III compliant additional tier-I bonds by private placement," SBT said in a regulatory filing.
The bank got approval of its Executive Committee today to raise the money, which will be added as its additional tier-I capital. Photo: Pixabay