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PERPETUAL PREFERRED EQUITY
Perpetual bonds are back in demand as investors shy away from equitiesPerpetual bonds, known as Additional Tier 1 in market parlance, do not have any fixed maturities but generally have a five-year call option...30 May, 2022, 10.08 PM IST- RBI issues draft circular on allowing UCBs to augment capitalThe UCBs, as per the draft, will be permitted to raise Tier-I and Tier-II capital by issuing Perpetual Non-Cumulative Preference Shares (PN...14 Jul, 2021, 06.32 PM IST
- 7.4-7.5% return? SBI perpetual bond coming next weekSBI may offer interest in the range of 7.40-7.5% for those quasi-equity securities that are likely to come up for bidding on Monday. The is...04 Sep, 2020, 08.31 AM IST
- Uday Kotak to reduce stake from 30% to 20% in Kotak Mahindra BankIn a notice to the exchange, Kotak Mahindra Bank has said that Uday Kotak's stake will fall to 19.70%.03 Aug, 2018, 02.43 PM IST
- Kotak Mahindra Bank gains 2% after closure of Rs 500 crore preferential issueThe RBI had asked the promoter to reduce his stake below 20 per cent by December 2018.03 Aug, 2018, 01.11 PM IST
- 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.01 Aug, 2018, 08.21 PM IST
- 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.20 Feb, 2015, 11.18 PM IST
- Bank of India raises Rs 1,250 crore via perpetual Tier-I bondsThe lender said it is India’s first Basel-III complaint bond, which has been rated ‘AAA’ by domestic rating company Brickworks.25 Jul, 2014, 10.03 PM IST
- 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.02 Jan, 2014, 10.14 PM IST
- Government may convert perpetual bonds and preference shares in PSU banks into equityThe government may convert its perpetual bonds and preference shares in state-run banks into equity, to help the lenders meet the Basel-III...03 Feb, 2011, 03.23 AM IST
- FinMin aims to recover bank recap funds via dividend, taxThe finance ministry hopes to recover the money spent on recapitalising PSU banks through higher dividends and tax.12 Apr, 2010, 03.59 AM IST
- Govt infuses Rs 3,800 cr in 3 banks to raise capital adequacyGovernment today announced a Rs 3,800-crore fund infusion into state-run lenders. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ) | NSE ...11 Feb, 2009, 03.00 PM IST
- P&S Bank seeks govt nod for private placementDelhi-based Punjab & Sind Bank is gearing up for a private placement of equity, following the government’s approval to restructure its shar...02 Sep, 2008, 01.10 AM IST
- P&S Bank revamp plan okayedThe government paved the way for the proposed initial public offer(IPO) of Punjab & Sind Bank (P&S Bank) by clearing its equity restructuri...09 Aug, 2008, 02.06 AM IST
- Govt approves capital revamp in Punjab & Sind BankGovernment on Friday infused fresh lease of life into the struggling Punjab and Sind Bank by restructuring its equity so that the PSU bank ...08 Aug, 2008, 03.37 PM IST
- SBI to raise $225m in bonds abroadState Bank of India is set to raise $225 million from the overseas market this year by issuing perpetual bonds.19 Jun, 2007, 04.24 AM IST
- United Bank to move govt with capital rejig plan againUnited Bank of India (UBI) will once again ask the Centre to consider its capital restructuring proposal. Earlier, the government had rejec...24 Nov, 2006, 12.24 AM IST
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