Corporation Bank to raise Rs 200 cr

Indian state-run Corporation Bank said on Monday it plans to raise Rs 200 crore through a Tier-II bond issue, but did not specify the timeframe.In February 2006, the bank’s board had approved raising up to Rs 500 crore via Tier-II bonds in tranches. It had already raised Rs 300 crore in March 2006 and the proposed Rs 200 crore issue is the second tranche, it said in a statement.

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