In April this year, the Pune-based lender had received board approval to raise Rs 5,000 crore by way of QIP/rights issue/ preferential issue or by issuing Basel III bonds
Read more about Bank of Maharashtra plans to raise up to Rs 2,000 cr through QIP on Business Standard. State-run Bank of Maharashtra is looking to raise up to Rs 2,000 crore through qualified institutional placement (QIP) route before July-end, its Managing Director and CEO A S Rajeev said.In April this year, the Pune-based lender had received board
Read more about Stocks to watch: PNB, IndiGo, MRF, Tata Steel, Equitas SFB, RBL Bank on Business Standard. The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of RBL Bank, for a further period of one year, with effect from June 30, 2021
State-run Bank of Baroda has received board approval to set off accumulated loss of over Rs 11,048 crore against the share premium account of the bank. The Board of Directors of the bank has approved the proposal on June 5, 2021, Bank of Baroda said in a regulatory filing. The bank is to set off its accumulated losses of Rs 11,048.44 crore as of March 31, 2021, by utilising an equivalent amount standing to the credit of share premium account of bank as on the date of set off and take the same into account during current financial year 2021-22, it said. The setting off is subject to necessary approval from shareholders and prior permission from the Reserve Bank of India, it added.