In September 2022, Bank of Maharashtra has raised _______________ to fund business growth through the Basel III compliant Additional Tier 1 (AT1) bonds.
Answer with explanationAnswer: Option C
State-owned Bank of Maharashtra (BoM) said it has raised ₹710 crore from bonds to fund business growth. The fund raised via Basel III compliant Additional Tier 1 (AT1) bonds of ₹710 crore (including green shoe option of ₹610 crore) is at a coupon rate of 8.74 per cent, the bank said in a statement.
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