Mumbai: Small-sized private sector lender DCB Bank is targeting to raise up to Rs400 crore in the second half of the next financial year to augment its capital, a top official has said. “We will raise Rs300-400 crore of capital after September 2017. Its capital adequacy ratio was at 13.33% with the core tier-I was at 11.39% as of December end. When asked about the necessary approvals for the capital raising exercise, Natrajan said it is too early to seek those. Natrajan said the bank had raised Rs150 crore in tier-II bonds in November 2016 which can help it in future fund raising exercises.

Source: Mint January 29, 2017 04:55 UTC