Central Bank of India plans to raise Rs.400 crore through Tier-II bonds in two months, while it may get Rs.700 crore as fresh capital from the Government as Tier-I capital under the recapitalisation plan by March 31.
These funds will be used to meet capital adequacy and expansion requirements over the next few years.
Source: http://www.business-standard.com/india/news/central-bank-to-raise-rs-400-cr-through-bonds-in-2-months/379176/
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