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SBBJ to raise Rs 200 crore from bonds

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Posted online: Monday , March 17, 2008 at 1516 hrs IST

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Mumbai, March 17: State Bank of Bikaner & Jaipur (SBBJ), a subsidiary of SBI, on Monday said it plans to raise Rs 200 crore from Tier I bonds.

The bank has decided to raise Tier I capital by private placements of unsecured, redeemable bonds, SBBJ informed the Bombay Stock Exchange.

The necessary approvals have been placed before the directors of the bank, it said.

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