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HDFC Bank approves 26.51 lakh shares under ESOP scheme

HDFC Bank approves 26.51 lakh shares under ESOP scheme
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HDFC Bank allots 28.83 lakh equity shares under ESOS


HDFC Bank has allotted today 2883930 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Scheme (ESOS).
The Paid up Share Capital of the Bank will accordingly increase from Rs. 5515160518 equity shares of Re.1/- each to Rs.5518044448 equity shares of Re.1/- each.
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IDBI Bank to set-off accumulated losses after declaring Q4 FY21 results


IDBI Bank is planning to set off accumulated losses of about Rs 44,500 crore against the balance standing to the credit of the Securities Premium Account (SPA) after the declaration of its fourth quarter (Q4FY21) financial results.
According to the Draft Scheme for setting off accumulated losses as on April 01, 2021 against SPA, this balance sheet neutral exercise of re-arrangement of liabilities will enable the bank to represent its true financial position. It will also help the bank to raise resources via AT (Additional Tier) 1 Bonds in the near future as it will become eligible to make coupon payments.
Further, this will place the bank in a better position to achieve its turnaround plan (including coming out of the so-called prompt corrective action/PCA) in a time-bound manner. The bank would also be able to pay the dividend as per the applicable provisions within a reasonable time-frame. ....

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