Vijaya Bank to raise Rs 350 cr as tier II capital.

(From Business Line)

from BUSINESS LINE, June 13, 2006 Bangalore, June 12 - Vijaya Bank proposed to raise about Rs 350 crore by way of tier-II capital during the current year

Speaking to Business Line, the Vijaya Bank Chairman and Managing Director, Mr Prakash P. Mallya, said, "We intend raising the funds in multiple tranches during the year." The bank has already reached close to the threshold of tier one capital in the form of equity. The Government's current holding is at 54 per cent

Vijaya Bank's capital to risk weighted asset ratio is 11.94 per cent, of which tier one capital is 9.56 per cent. This comprises Rs 433.52 crore of equity and Rs …