Ratnakar Bank raises Rs 324 cr equity capital - 11-Apr-2013
Ratnakar Bank has raised Rs 324 crore from a group of global and domestic investors to finance its expansion programme. The bank issued 30 million new shares to the investors.
This was the second round of capital infusion into the bank in the past two years. The private sector lender had raised Rs 700 crore in January 2011. Business Standard had earlier reported the Kolhapur-based bank was planning to raise around Rs 300 crore from equity investors to fund expansion of its branch network and product portfolio.