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    Question

    SBM Bank (India) has raised ______ through the issuance

    of the second tranche of Basel-III compliant tier II bonds in January 2023.
    A Rs.90 crore Correct Answer Incorrect Answer
    B Rs.95 crore Correct Answer Incorrect Answer
    C Rs.99 crore Correct Answer Incorrect Answer
    D Rs.110 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

     SBM Bank (India) has raised Rs 99 crore through the issuance of the second tranche of Basel-III compliant tier II bonds in January 2023. The bank has raised the entire corpus from Life Insurance Corporation (LIC). With this fresh round of capital raising from multiple investors, SBM Bank India now has raised a total of Rs 224 crore to date through Basel III compliant tier II bonds.

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