|
Centurion
Bank rights issue fully subscribed
Our
Banking Bureau
24 September 2004
 Mumbai:
Centurion Bank yesterday announced that its rights issue
totalling Rs90.80 crore was fully subscribed. The issue
closed on September 22.
Having
raised Tier I capital through the rights issue, the bank
is planning a Tier II subordinated bond issue during this
fiscal. The bonds would be issued on a need basis amounting
to around 50 crore. This was disclosed by Shailendra Bhandari,
managing director, who disclosed that the issue could
be in two tranches of Rs25 crore each.
The
bank had equity capital infusion of Rs154 crore in February
this year by a group of investors including Bank Muscat,
Keppel  Corporation,
Sabre Capital and ADB. Bhandari said the capital adequacy
ratio of the bank would now be comfortably above the statutory
requirement of 9 per cent.
List of reports
on Centurion Bank
List of general reports
on banks
|
