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Public sector lender Bank of Maharashtra plans to mop up ₹500-1,000 crore by issuing Tier-I bonds this year, according to Chairman and Managing Director S Muhnot.
“We will look at raising Basel III-compliant additional Tier-1 capital, instead of taking up further equity right now.
“We may raise ₹500-1,000 crore during this financial year,” Muhnot told newspersons here on the sidelines of a banking conclave organised by FICCI and the Indian Banks’ Association.
Currently, the bank’s capital adequacy ratio stands at around 11.
Muhnot said the bank sees its credit growth moderating to 12-15 per cent in FY15.
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