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Tuesday, 25 March 2008

Corporation Bank to raise Rs 500cr

Corporation Bank, a medium size public sector bank, will raise Rs 500 crore through Tier-II bonds.

According to a release issued by the bank to the BSE today, the board of directors today approved the proposal to raise additional Rs 500 crore. The bank said that the proposal is in addition to already raised Tier II Bonds of Rs 500 crore.

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