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Bombay HC asks Kotak to file reply in RBI caseThe RBI had mandated the bank to reduce its promoter shareholding.- Kotak Bank’s stake dilution case deferred by Bombay HCKotak’s personal shareholding stood at 29.73 per cent at the end of September.
- RBI may wait for HC ruling; deadline todayKotak’s personal shareholding stood at 29.73 per cent at the end of September.
- Kotak bank moves HC against RBI order on promoter stake dilutionRBI had disallowed use of pref shares, but bank says given deadline it had no other option
- Kotak Bank moves HC against RBI, stock plunges 7%RBI raised a red flag, saying the PNCPS route to dilute promoter shareholding is not acceptable.
- 'RBI should push for fresh issuance of shares by banks to meet licensing guidelines'The RBI licensing guidelines for new private sector banks 2013, calls for promoter holding to be brought down in phases.
- RBI rejects tool used for Kotak stake dilutionPNCPS were issued to dilute promoter stake to 20 per cent in Kotak Mahindra Bank.
- Uday Kotak trims stake in Kotak Mahindra Bank to 19.70 per centUday Kotak's holding in the bank prior to the preference share issuance was 29.74 per cent.
- Kotak Bank gets nod to raise Rs 500 crore by issuing preference sharesThe PNCPS will offer the allottees a fixed dividend of 8.10 per cent.
- Central Bank of India converts Rs 1,617 crore PNCPS into equityAs a result of conversion, 15,38,68,113 equity shares were alloted to the government of India against the PNCPS, Central Bank of India said.
- Central Bank to raise Rs 1,617 cr by issuing equity to governmentCentral Bank today said that it will raise capital of Rs 1,617 crore by issuing equity shares to government on a preferential basis.
- Central Bank to raise Rs 660 croreState-run Central Bank of India is in the process of raising Rs 660 crore through conversion of perpetual non-cumulative preference shares ...
- RBI revises Basel III capital norms, halves maturity to 5 yrsIt further said banks can issue tier 2 debt capital instruments to retail investors, subject to the board approval.
- Indian Bank okays conversion of Rs 400 crore pref shares into equityThe shareholders of Indian Bank have unanimously approved the conversion of Rs 400 crore Perpetual Non-Cumulative Preference Shares into eq...
- Cabinet clears conversion of pref shares to equity in 3 banksThe government today approved conversion of Perpetual Non-Cumulative Preference Shares (PNCPS) of three public sector banks into equity.
- IOB to raise $ 250-500 mn through MTN in next 6 yearsAn MTN is a debt note that usually matures (is paid back) in 5-10 years. They can be issued on a fixed or floating coupon basis.
- Union Bank gets Rs 111-cr govt fundingThe government will infuse Rs 111 crore into Union Bank of India as part of its planned capital support to the state-run banks to shore up ...
- Govt to pump money into 7 banksAs many as seven public sector banks may get additional capital from the government shortly, financial services secretary R Gopalan said.
- 5-7 PSBs likely to get more funds soon: FinminAs many as seven public sector banks may get additional capital from the government shortly, financial services secretary R Gopalan said he...
- Govt infuses Rs 1,500cr into 4 banksThe government has infused Rs 1,500 crore into four public sector banks, including UCO Bank and Central Bank of India, as part of their rec...
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