Public sector lender Vijaya Bank said on Sunday that its board has approved raising ₹1,300 crore via bonds in the current fiscal under the Basel III global capital adequacy norms.
”...the board has accorded its approval for raising ₹1,300 crore by way of additional tier 1 bonds under Basel III for the financial year 2017-18 (revised additional capital requirements amounting to ₹1,000 crore in addition to ₹300 crore already approved by the board),” the bank said in a BSE filing.