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State Bank of India’s board on Wednesday approved infusion of capital funds to the tune of Rs 2,000 crore in the bank by way of preferential allotment of equity shares in favour of the Government of India.
Union Bank of India’s board too approved raising equity capital not exceeding Rs 1,997 crore on preferential/Qualified Institutional Placement /rights basis subject to approval of the Government and RBI.
Source: thehindubusinessline
Union Bank of India’s board too approved raising equity capital not exceeding Rs 1,997 crore on preferential/Qualified Institutional Placement /rights basis subject to approval of the Government and RBI.
Source: thehindubusinessline
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