Thursday 30 August 2007

Vijaya Bank revalues real estate assets (Business Standard India)

Bangalore-based Vijaya Bank has revalued its 64 real estate properties across the country, after a gap of 12 years, to shore up its capital adequacy. This would add Rs 442.59 crore to the banks revalutaion reserves, of which around Rs 200 crore will qualify for tier II capital.

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[Source: Yahoo! News Search Results for bangalore real estate]