Coimbatore, May 12:  

Vijaya Bank is planning to raise Rs 1,000 crore from the market.

The board has cleared the proposal, Vijaya Bank Managing Director Kishore Sansi said.

He told the media here today that the bank plans to hit the market by the end of the first quarter of the current fiscal or latest in Q2.

"No, it will not be a tier II capital. We will look at the QIP (qualified institutional placement) route or raise equity," he said.

The bank is targeting CRAR of 13 + per cent by the close of this fiscal.

(This article was published on May 12, 2017)
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