Vijaya Bank has augmented its Tier-II capital by raising Rs 500 crore through an issue of unsecured redeemable non-convertible Basel-III compliant Tier-II bonds with a coupon rate of 9.15% per annum. The issue was fully subscribed and allotment was made on October 30, 2014. The bank has shareholders nod to raise additional equity capital of Rs 600 crore from the markets.
Vijaya Bank, the Karnataka-based bank offers various products and services specific to various segments such as it has saving accounts for children, scheme for women clientele, credit facilities to minority communities like Zoroastrians, Buddhists are among others.
