PSBs stock up on capital as growth prospects brighten

PSBs stock up on capital as growth prospects brighten

State-owned Bank of Maharashtra raised Rs 290 crore in Basel III compliant Additional Tier 1 (AT1) bonds of Rs 290 crores at 8.75 per cent. The lender completed the fundraising on Wednesday while Punjab National Bank is planning to raise capital soon in either AT1 bonds or tier 2 bonds or in a combination of both.

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