Approval Of The Board By Circulation Issuance Of Equity Share Capital

-
Approval Of The Board By Circulation Issuance Of Equity Share Capital To Government Of India Proposed Plan For Raising Capital During 2017-18

 Bank has on 31/03/2017 received infusion of Rs. 1500 crore from the Government of India, in the form of Common Equity Tier-1 Capital, which is being kept as share application money and would be allotted after following due procedure / conditions for allotment. The infusion is in terms of the Ministry of Finance, Department of Financial Services, Government of India, Communication no. F No. F/38/2014-BOA dated 16/03/2017. 2. The Bank is also seeking approval, by circulation, from the Board for a plan to raise capital during 2017-18.

Comments

Post a Comment

Popular posts from this blog

Podcast | Nifty liable to head towards 10,700; 3 stocks which can offer up to 11% return

-
Image
Podcast | Nifty liable to head towards 10,700; 3 stocks which can offer up to 11% return Indian markets have ascended for eight sessions on the run to close over 10,500 levels, first time after February 27, 2018. These have been little moves. This moderate development up won't constrain the bears to cover their shorts like the frog in bit by bit warming water and is probably going to bubble them alive. From the base of 9,951, Nifty has recouped in excess of 550 focuses, to close at 10,528 level on Monday. Amid the most recent week, Nifty has additionally outperformed the huge obstacle of its 50-DMA and 100-DMA, set at 10,400 and 10,450 separately. The Nifty has likewise outperformed critical protection of its past best on the day by day diagram which was set at 10,478. Moving midpoints setup has turned bullish for the medium term, as Nifty has moved over 20, 50,100 and 200-DMA. The following protection for the Nifty comes at 10,561 and 10,705, which happe
Read more

Sixteen stocks in focus on Tuesday, 25 April 2017

-
Domestic Equity markets are likely to open in inexperienced on Tuesday following Nifty futures on the Singapore stock change and firm Asian cues. SGX Nifty used to be trading 21 factors, or 0.23 per cent, up at 9,248, indicating an organization begin for NSE Nifty index. Asian friends grasp Seng, Nikkei and Shanghai have been buying and selling larger by way of 0.86 per cent, 0.80 per cent and 0`.08 per cent, respectively, in morning exchange. Market benchmark BSE Sensex rebounded 291 points on Monday, its biggest single session gain in virtually 6 weeks, to end at a two-week high of 29,656 on certain global cues. here is a checklist of sixteen shares which are more likely to be in center of attention nowadays: Reliance Industries: Consolidated internet revenue of Reliance Industries grew 11.54 per cent to Rs 8,053 crore for the quarter ended March 31, 2017 in opposition to Rs 7,220 crore suggested for the corresponding quarter remaining yr. Indiabulls Housing Finance: m
Read more