State-owned Bank of India postpones Rs 3,000 crore QIP plan

Jan 15 2018

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 to be out of RBI watch list soon as recovery picks up: MD

Jan 12 2018

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.

Reserve Bank of India imposes PCA on Allahabad Bank

Jan 04 2018

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).

RBI puts Allahabad Bank under prompt corrective action

Jan 04 2018

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.

No question of closing down any PSB, says govt & RBI

Dec 22 2017

The RBI stated it has come across some "misinformed communication" circulating in some section of media about closure of some PSBs under PCA.

RBI announces additional actions under PCA for UBI

Dec 20 2017

The RBI has initiated additional actions under the Prompt Corrective Action framework for United Bank of India in view of the high net NPA.

RBI puts Bank of India under prompt corrective action

Dec 20 2017

Bank of India said that the Reserve Bank of India has initiated ‘prompt corrective action’ (PCA) against the lender over high bad loans.

EU to resume political contact 'at all levels' with Thailand

Dec 11 2017

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 restores lookout notice, asks Karti to appear before CBI

Aug 14 2017

SC restored a CBI lookout circular against Karti Chidambaram, to prevent him from going abroad and asked him to approach the central probe agency.

'Lenders' inclusion under PCA for timely improvement

Jul 14 2017

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.

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Stocks In News



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


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)

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