Public sector lender Dena Bank said it has raised ₹1,000 crore through an issuance of Basel-III compliant tier I bonds.
In December, the bank had said it will raise up to ₹1,500 crore additional tier-I capital in one or more tranches through one or more instruments. The bonds are in the nature of debentures of face value of ₹10 lakh each at par aggregating ₹1,000 crore, Dena Bank said in a BSE filing.
Domestic banks have to comply with the Basel-III standards by March 2019.