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MUMBAI: State Bank of Mysore on Thursday said its board has approved to raise Rs 100 crore by issuing perpetual debt instruments to strengthen the Tier I capital, the bank said in a filing to the BSE.

Tier I capital is the core measure of a bank’s financial strength from a regulator’s point of view.

Shares of State Bank of Mysore were trading at Rs 603.85 on the BSE, up 0.12 per cent from its previous close. — PTI

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