Karnataka Bank board decides the raise of capital funds

The Karnataka Bank Ltd. | Bank - Private | BFSI | BSE: 532652 | NSE: KTKBANK

17 Sep 2012 Evaluate

Karnataka Bank has informed that at the meeting of the board of directors of the company held on September 14, 2012 the matter of raising the capital funds was discussed. The board, after deliberations, decided not to raise equity capital. It was further decided to augment the capital funds by issue of Tier - 2 bonds.

The above information is a part of company's filings submitted to BSE.

Peers

Company Name	CMP
HDFC Bank	729.10
ICICI Bank	1337.10
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Kotak Mahindra Bank	412.80
Indusind Bank	957.10
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