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Tag Archives: Reserve Bank

Syndicate Bank to raise funds up to Rs 3,500 crore in FY18

Syndicate Bank has received an approval to raise equity capital up to Rs 3,500 crore inclusive of premium to be decided by way of Qualified Institutional Placement/Rights Issue/Preferential Allotment / or any other mode approved by Reserve Bank of India/Government of India, at an appropriate time, subject to necessary approvals, ... Read More »

Syndicate Bank informs about company updates

Syndicate Bank has informed that Board of Directors of the Bank in its meeting held on 29th May 2017 approved to raise equity capital up to Rs 3500 Crore inclusive of premium to be decided by way of Qualified Institutional Placement/Rights Issue/Preferential Allotment / or any other mode approved by ... Read More »

Punjab & Sind Bank raises Rs 1,000 crore through bonds

State-owned Punjab & Sind Bank has raised Rs 1,000 crore through issuing bonds to fund business growth. The fund raised through Basel-III compliant AT-1 Bonds. The issue was fully subscribed and bids for Rs 1,000 crore with coupon of 10.90 per cent were accepted. Under the Basel-III norms, AT-1 bonds ... Read More »

Govt notifies law to make banned note possession punishable

New Delhi : The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the “possibility of running a ... Read More »

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