Dena Bank gets board approval to dilute government stake

Public sector lender Dena Bank has got board approval for dilution of government holding to up to 52 per cent and raise capital up to Rs 2,500 crore from various bonds."To raise equity capital of the Bank by diluting GOI holding up to 52 per cent, on obtaining necessary approval government," the bank said in a BSE filing.Government shareholding in the bank was 65 per cent at the end of September 30.Last year, the government allowed public sector banks to to bring down its stake to 52 per cent so as to meet capital requirement.As per law, government...

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SBT launches ‘affordable housing loan’ scheme

State Bank of Travancore (SBT) has launched a ‘Housing for All (Urban): Mission 2022’ to provide affordable housing to families belonging to the economically weaker sections/low-income groups in the urban centres.The scheme upholds the spirit of the ‘Swachh Bharath Mission’ by insisting on a toilet for every house that is built, a spokesman for the bank said here.The loan can be accessed in all statutory towns of India as per the Census of 2011, the spokesman added.As part of the scheme, loans will be advanced in line with the Centre’s target...

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Bank officers serve notice for strike on Dec 11

The All-India Bank Officers’ Confederation (Aiboc) has given a call for a nationwide strike on December 11 in support of its various demands.The notice of strike has been served by mail to all concerned, says Harvinder Singh, general secretary, Aiboc.The one-day strike will be preceded by other types of protests including wearing of black badges while on duty on December 2; demonstrations at the headquarters of all banks on December 4; and mass demonstrations at major centres and state capitals on December 7.PENDING ISSUESSingh recalled that...

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