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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.
Yes Bank plans to raise up to Rs 3,000 crore by SeptemberMD & CEO Rana Kapoor said Yes Bank plans to raise up to Rs 3,000 crore in tier-II or non-equity capital by September this year.
RBI's foreign bank norms signal prospect of more reforms: FitchAccording to Fitch these rules are unlikely to alter the banking sector's competitive landscape by itself, but does signal the prospect of ...
- Indian Bank may tap capital market next fiscal; come out with FPO
State-owned Indian Bank today said it may come out with follow-on public offer (FPO) next fiscal if market conditions are conducive.
- Oriental Bank of Commerce to increase retail advances by 50% this fiscal
Oriental Bank of Commerce plans to increase retail advances by 50% this fiscal with special emphasis on housing loan sector.
- P&S Bank aims to boost CASA through expansion
Punjab & Sind Bank raised 471 crore in an initial public offer (IPO) that could help it overcome its shaky past where it had to battle bad ...
- Looking at market conditions, we could think of an FPO: Parveen Kumar Anand, ED, Punjab & Sind Bank
Parveen Kumar Anand, ED, Punjab & Sind Bank, speaks on credit growth projections of the bank and prospective plans for an FPO.
- Union Bank to get Rs 1,150 cr from govt by March 2011
Union Bank of India is expecting funds worth Rs 1,150 crore from the government by March 2011 to boost its tier I capital, a senior bank of...
- Indian Bank expects 25 pc growth in net profit in FY'11
State run Indian Bank today said it expects a 25 per cent growth in its net profit during the current fiscal driven by increase in advances...
- SBI raises $750 million from overseas market
The country's largest lender, State Bank of India, has raised USD 750 million (about Rs 3,600 crore) through bonds from the overseas market.
- Andhra Bank to shore up business to Rs 1 lakh cr
Andhra Bank is on course to enter the league of large banks by stepping up its business to Rs 1.5 lakh crore from Rs 1 lakh crore by Septem...
- UBI to cross business mix of Rs 85,000 crore
Kolkata-based United Bank of India (UBI) is poised to cross a business mix of Rs 85,000 crore by March 31, 2009, its chairman and managing ...
'Interest rates will remain high for next six months'Lowering of interest rates is unlikely. There may be some hikes in store instead. But credit growth can be sustained despite higher rates, ...
- Central Bank to open about 100 new branches
Central Bank of India on Friday said it will open about 100 new bank branches across the country shortly.
- PNB has no plans to dilute govt holding for now
Punjab National Bank , the country’s second-largest nationalised bank by business volume after Canara Bank.
- Corporation Bank may opt for subordinated debt
Mangalore-based Corporation Bank has said it may use subordinated debt to fund acquisition opportunities.
- Corp Bank to take reins at Oman co
Corporation Bank will take management control of an Oman-based exchange company.It is in the process of getting RBI’s approval for the take...