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Which Indian public sector bank has raised Rs 1,000 crore by issuing Basel III-compliant bonds?
A)
Punjab National Bank
B)
State Bank of India
C)
HDFC Bank
D)
Union Bank of India

Correct Answer :   Union Bank of India


Union Bank of India announced that it has raised Rs 1,000 crore by issuing Basel III-compliant bonds on a private placement basis.
The bank issued perpetual bonds in the nature of debentures, which qualify as the Additional Tier 1 Capital of the bank. The public sector bank also announced that it will raise Rs 205 crore by issuing Basel III compliant bonds later this week.

Published On : January 31, 2021
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