ING Vysya Bank raises upper tier II capital to Rs 100cr

New Delhi, Mar 8 (UNI) ING Vysya Bank today said that the Board of Directors has approved raising of upper tier II capital up to Rs 100 crore.

At its board meeting held yesterday, the bank has approved the raising of upper tier II capital, by way of unlisted bonds/debentures in foreign currency (Japanese Yen) up to an amount equivalent to Rs 100 crore, from ING Bank, N V with a tenure of 15 years with a callable option at the end of 10 years subject to the approval of RBI and any relevant authority, as may he required, a company statement said.

UNI