Which Indian public sector bank has raised Rs 1,000 cr by issuing Basel III-compliant bonds?

1. 

Which Indian public sector bank has raised Rs 1,000 cr by issuing Basel III-compliant bonds?
[A]. SBI
[B]. Union Bank of India
[C]. PNB
[D]. HDFC Bank

Answer: Option B

Explanation:

The State-owned Union Bank of India has raised Rs 1,000 crore by issuing Basel III-compliant bonds on a private placement basis.

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