BoIhas deferred the Rs 3,000-crore capital raising plan through private placement of equity shares after the government's move to infuse Rs 2,257 crore capital into it.
BoI has put in place an aggressive bad loan recovery strategy and hopes to be out of the RBI's watch list soon, the state-run lender's MD Dinabandhu Mohapatra said.
The Reserve Bank of India imposed prompt corrective action (PCA) on Allahabad Bank due to high non-performing assets (NPA) and negative return on assets (RoA).
India’s Allahabad Bank said the Reserve Bank of India (RBI) has initiated ‘prompt corrective action’ (PCA) against the state-run lender over its high bad loans.
The RBI stated it has come across some "misinformed communication" circulating in some section of media about closure of some PSBs under PCA.
The RBI has initiated additional actions under the Prompt Corrective Action framework for United Bank of India in view of the high net NPA.
Bank of India said that the Reserve Bank of India has initiated ‘prompt corrective action’ (PCA) against the lender over high bad loans.
The EU will resume political contact “at all levels” with Thailand, after putting relations on hold following a 2014 coup by the Thai military.
SC restored a CBI lookout circular against Karti Chidambaram, to prevent him from going abroad and asked him to approach the central probe agency.
Urging all to not fall prey to falsehoods on future of weak banks, S S Mundra said lenders' inclusion under PCA is for timely improvement of their performance.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)