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Bank of Rajasthan
to raise Rs1000 crore
Our Banking
Bureau
19 May 2005 Bank
of Rajasthan Ltd plans to raise up to Rs1,000 crore through overseas funding
for improving its capital adequacy ratio and for expansion. However,
the instrument for raising the money and the amount will be decided after
shareholders' approval, Pravin Kumar Tayal, chairman of the bank, said.  The
bank has scheduled its annual general meeting on June 17, 2005. The board
also approved an increase in its authorised capital from Rs150 crore to Rs250
crore.
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