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State Bank of Mysore raises Rs 300 crore in Tier 2 capital

State Bank of Mysore announced that the Bank on 01 January 2016 has raised Rs. 300 crore of non-convertible, redeemable, unsecured, Basel III Compliant Tier 2 Bonds, for inclusion in tier 2 capital of the Bank, in the nature of debentures of face value of Rs. 10 lakh each (?bonds?) at par aggregating Rs. 300 crore.

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