The financial institution, in a inventory alternate submitting, knowledgeable that its board of administrators authorized the proposal for elevating of fairness capital aggregating to Rs 3,000 crore by way of numerous modes equivalent to FPO, QIP and preferential concern, topic to obligatory regulatory approvals. State-run UCO Bank on Thursday reported an almost five-fold year-on-year soar
Banking & Finance
Deposits have grown 28.04% from Rs 7028 crore as of March 31, 2020, to Rs 8999 crore for the fiscal 12 months ended March 2021. Whole CASA improved to Rs 1748 crore from Rs 960 crore, marking 81.99% development over the identical interval. ESAF Small Finance Financial institution (SFB) on Wednesday reported a 44.64 %
The present model association dated December 7, 2009, will proceed to manipulate use of the PNB trademark till PNB’s shareholding within the housing finance firm is 30% or extra. The board of PNB Housing Finance will meet on Could 31 to think about fund-raising. The fund-raising by the non-bank lender was lengthy pending after it
The lenders of DHFL have been shocked by the NCLT’s Might 19 order, asking them to contemplate ousted promoter Kapil Wadhawan’s supply for the corporate. By Ankur Mishra The Reserve Financial institution of India (RBI) was by no means in favour of contemplating Kapil Wadhawan’s settlement supply for Dewan Housing Finance Corporation (DHFL). The regulator’s
For the entire of FY21, the corporate reported a consolidated web revenue of Rs 1,724.95 crore, in opposition to Rs 1,480.30 crore within the year-ago interval.T NBFC Manappuram Finance on Wednesday reported a 17.62% year-on-year (y-o-y) enhance in its consolidated web revenue to Rs 468.35 crore for the fourth quarter of FY21. The Kerala-based gold
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