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UCO BANK FUNDRAISING
LIC is top investor in QIP fundraise of 4 public banks, buys nearly a quarter of issuesLife Insurance Corporation of India has become the top investor in the share sales of UCO Bank, Central Bank of India, Indian Overseas Bank...
Burger King Operator, 4 PSBs launch QIPs to raise Rs 8,500 croreBankers say a few more firms are likely to launch QIPs in the coming week as companies look to capitalise on improving market sentiment and...
UCO, two other state-run lenders plan QIP issuanceBanks set a floor price on QIPs. Reports had suggested the government had approved a fundraising worth ₹10,000 crore in offer for sale for ...
Govt's divestment plan to push fundraising activities in FY26: Emkay GlobalEmkay Global Financial Services predicts that the government's FY26 divestment target of Rs 47,000 crore will drive significant investment ...
PSU bank stocks rally up to 18%. What's the good news?Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, Central Bank, and Bank of Maharashtra have received approval to raise Rs 2,000 crore ea...
Four PSBs may get approval to raise funds in H1 of FY25The four lenders include Punjab National Bank (PNB), which is targeting a follow-on public offer (FPO) by September, and Central Bank of In...
Stocks in news: TCS, MCX, Delta Corp, Bajaj Auto, Vinati Organics, Aurionpro SolutionsThe exchange is set to go live with its new commodity derivative platform from Monday. The exchange will conduct a mock trading session on ...
Bond Sales: PNB, IOB & DCB Bank may face higher funding costsAT-1 bonds are quasi-equity instruments with no fixed redemption timelines, although the bonds are usually called by issuers after about fi...
Indian banks' fundraising spree to continue in Jan-Mar to enhance capital: AnalystsApart from credit growth and refinancing, the market condition is conducive, if you look at the long-term rates for bonds," said Soumyajit ...
Banks are on a fundraising spree as economy shows signs of stabilityState-owned Bank of Maharashtra raised Rs 290 crore in Basel III compliant Additional Tier 1 (AT1) bonds of Rs 290 crores at 8.75 per cent....
Uco Bank’s Rs 1,000-crore share-sale on trackUco Bank's appeal to Life Insurance Corporation of India (LIC) for capital injection on a preferential basis has failed to get a response s...
PSU banks may see higher profits, must tap market: CEA Krishnamurthy Subramanian"PSBs must now tap the market themselves instead of looking for recapitalisation," CEA Subramanian said.
Uco Bank looks to raise Rs 1,200 crore via share salesShareholders approved Uco's plan to raise Rs 1,000 crore through qualified institutions placement.
UCO Bank to raise Rs 3,000 crore this fiscalIn the last fiscal, LIC had pumped in a little over Rs 270 crore in the bank by way of preferential allotment of equity shares.
Headless bank with 20% bad debt shows challenge for Narendra ModiPM Modi needs to revive the banking system burdened by about $120 bn of stressed assets to spur credit growth and support expansion in the ...
Eighteen stocks in focus in Monday morning tradeThe Indian market is expected to open lower. Here is a list of top ten stocks that are likely to be in focus today.
- Banks slow in tapping market ahead of new fiscal
Banks have been slow in raising capital ahead of the start of the new fiscal as most have already raised funds earlier this year, and the s...