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Vijaya Bank raises Rs. 200 crore

BANGALORE: Vijaya Bank has raised Rs. 200 crore through a private placement of unsecured redeemable, non-convertible subordinated Tier-II bonds. The issue which opened on December 24 was fully subscribed and the amount raised will be used to shore up Tier-II capital and strengthen its capital adequacy ratio and long-term resources, the bank said. — Special Correspondent

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