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Mumbai:
Bank of Rajasthan
is raising its tier-2 capital by way of unsecured subordinate
bonds to the extent of Rs 30 crore. The board of directors
recently approved the proposal to
raise capital by way of a private placement.
The bank is raising the
capital to bolster its capital adequacy ratio, which at present is
14 per cent, and proposed
the bonds issue will take the ratio to 16 per cent.
The bank, which is
negotiating with insurance companies for providing bank assurance
services, also plans to provide services in life and general
insurance.
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