capital infusion

SBI expects another Rs.40 billion capital infusion


August 23rd, 2012 - 7:36 pm ICT by IANS
Kolkata, Aug 23 (IANS) The State Bank of India (SBI) Thursday said its meeting with the central government on capital infusion could take place this week and that it ... Read more...

Posted in Business |

Corporation Bank needs Rs.16 bn to meet Basel III norms


July 18th, 2012 - 6:08 pm ICT by IANS
Kolkata, July 18 (IANS) Public sector Corporation Bank will require capital infusion of Rs.16 billion to meet Basel III capital adequacy norms for 2013-14, Chairman and Managing Director Ajai Kumar ... Read more...

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UBI to raise Rs.3.1 bn via preferential allotment


March 19th, 2012 - 8:44 pm ICT by IANS
Kolkata, March 19 (IANS) Public sector United Bank of India (UBI) Monday said it is expecting to raise Rs.3.1 billion by this month-end issuing equity shares on a preferential basis ... Read more...

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‘Government banks lending to key sectors up 19 percent’


March 15th, 2012 - 5:11 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday reported an increase of 19 percent in key lending sectors ... Read more...

Posted in Business |

Bharti AXA to infuse Rs.200 crore additional capital in 2012


March 5th, 2012 - 5:55 pm ICT by IANS
Kolkata, March 5 (IANS) Private sector insurer Bharti AXA General Insurance is looking at an additional Rs.200 crore capital infusion this calendar year to fund its expansion plans, a top ... Read more...

Posted in Business |

Bank of Baroda expects 24 pc growth


February 11th, 2012 - 11:14 am ICT by IANS
Kolkata, Feb 11 (IANS) State-owned Bank of Baroda (BoB) is expecting total business growth of about 24 percent over last year at the end of March 2012."We plan to achieve ... Read more...

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India Factoring and Financial plans Rs.5 bn equity infusion


February 10th, 2012 - 12:16 am ICT by IANS
Kolkata, Feb 9 (IANS) India Factoring and Financial Solutions, a joint venture between Punjab National Bank (PNB) and Malta-based FIMBank, is planning to receive Rs.5 billion equity infusion from its ... Read more...

Posted in Business |

Reliance Life Insurance to have accounting profit this fiscal


February 7th, 2012 - 9:42 pm ICT by IANS
Kolkata, Feb 7 (IANS) Reliance Life Insurance, a part of Reliance Capital, is expected to register its first year of accounting profit this financial year, a top executive of the ... Read more...

Posted in Business |

UCO Bank might get capital infusion of Rs.2 billion


February 1st, 2012 - 11:54 pm ICT by IANS
Kolkata, Feb 1 (IANS) City-based UCO Bank Wednesday said it might get capital infusion of Rs.2 billion-odd from the central government for this financial year."We might get some capital from ... Read more...

Posted in Business |

United Bank of India’s Q3 net up by 38.5 percent


January 31st, 2012 - 9:12 pm ICT by IANS
Kolkata, Jan 31 (IANS) Public sector lender United Bank of India Tuesday reported a 38.5 percent jump in its net profit in the quarter ended Dec 31, 2011 to Rs.2.26 ... Read more...

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UCO Bank to open NPA auction next week


January 5th, 2012 - 6:42 pm ICT by IANS
Kolkata, Jan 5 (IANS) Public sector lender UCO Bank Thursday said it will open the auction for sale of Rs.3 to 4 billion non-performing assets (NPA) next week."We had one ... Read more...

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SBI expects Rs.30-40 bn capital infusion soon


December 10th, 2011 - 9:57 pm ICT by IANS
Kolkata, Dec 10 (IANS) India's biggest lender, State Bank of India (SBI) Saturday said it expects a capital infusion of Rs.30 to 40 billion in December this year or ... Read more...

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Kingfisher urgently needs $400 million to survive: Expert


November 11th, 2011 - 11:46 pm ICT by IANS
Bangalore, Nov 11 (IANS) Tycoon Vijay Mallya's cash-strapped and bleeding private carrier Kingfisher Airlines urgently requires about $400 million (Rs.2,000 crore) to survive and keep flying, an aviation expert said ... Read more...

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Rs.140 bn capital infusion for public sector banks okayed


November 5th, 2011 - 1:04 am ICT by IANS
Chennai, Nov 4 (IANS) The Indian government has started assessing the capital needs of its banks as the Basel III norms come into force by 2013 while approving Rs.14,000 crore ... Read more...

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Micro finance firm Bandhan to apply for banking licence


September 5th, 2011 - 6:23 pm ICT by IANS
Kolkata, Sep 5 (IANS) Bandhan, one of the largest microfinance institutions (MFIs) in India, will apply for banking licence soon after the Reserve Bank of India (RBI) comes up with ... Read more...

Posted in Uncategorized |

SBI to acquire its subsidiary SBICI Bank


July 21st, 2011 - 5:20 pm ICT by IANS
New Delhi, July 21 (IANS) State Bank of India (SBI) will acquire its wholly-owned subsidiary SBICI Bank Ltd, which runs two branches in Mumbai and has business of nearly ... Read more...

Posted in Uncategorized |

Private equity firm Apollo to invest Rs.2,250 crore in Welspun group firms


June 29th, 2011 - 1:33 pm ICT by IANS
Mumbai, June 29 (IANS) One of the world's leading private equity firms, Apollo Global Management will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and ... Read more...

Posted in Business |

Finance ministry vetting infrastructure debt fund scheme: Montek


June 10th, 2011 - 9:33 pm ICT by IANS
Bangalore, June 10 (IANS) The union finance ministry is examining a proposal to set up an infrastructure debt fund for financing infrastructure projects across the country during the 12th ... Read more...

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Murugappa aims $7.7bn growth by 2014


September 8th, 2010 - 10:37 pm ICT by IANS
Chennai, Sep 8 (IANS) The $3.03 billion turnover industrial conglomerate Murugappa group is mulling organic and inorganic growth to take the group size to $7.7 billion by 2013-14, said a top group ... Read more...

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World Bank loan to India to be $9.3 billion by June


June 23rd, 2010 - 9:29 pm ICT by IANS
Mumbai, June 23 (IANS) The World Bank said Wednesday its total loan support to India will reach $9.3 billion by the end of the bank's financial year in June. The World Bank follows ... Read more...

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Mahindra and Mahindra acquires electric car maker REVA


May 26th, 2010 - 2:05 pm ICT by IANS
Bangalore/Mumbai, May 26 (IANS) Automobile major Mahindra and Mahindra (M&M) Wednesday announced it has taken 55.2 percent stake in electric car-maker REVA through a combination of equity purchase and fresh capital infusion ... Read more...

Posted in Business |

Bank of Maharashtra seeking Rs.1,800 crore from government


May 10th, 2010 - 9:51 pm ICT by IANS
Kolkata, May 10 (IANS) Bank of Maharashtra has sought capital infusion of Rs.1,800 crore from the government, a top bank official said here Monday. "We are in the advance stages of discussion with ... Read more...

Posted in Business |

Cabinet approves capital requirement of public sector banks


April 23rd, 2010 - 4:30 pm ICT by ANI
New Delhi, Apr 23 (ANI): The Union Cabinet on Friday approved a proposal to provide capital funds to the Public Sector Banks (PSBs) during the years 2010-11 and 2011-12 in order to ... Read more...

Posted in National |

Rs.15,000 crore capital infusion for state-run banks okayed


April 23rd, 2010 - 1:33 pm ICT by IANS
New Delhi, April 23 (IANS) The government Friday approved Rs.15,000 crore ($3.34 billion) as capital infusion for public sector banks for the current fiscal and said further assistance for the next fiscal ... Read more...

Posted in Business |

Chola DBS to raise Rs.100 cr offering fresh equity


April 5th, 2010 - 4:03 pm ICT by IANS
Chennai, April 5 (IANS) The Board of city-based non-banking finance company (NBFC) Cholamandalam DBS Finance Ltd (Chola DBS) is planning to raise Rs.100 crore from the International Finance Corporation (IFC) by issuing ... Read more...

Posted in Business |

UBI gets Rs.300 crore infusion from government


March 31st, 2010 - 9:47 pm ICT by IANS
Kolkata, March 31 (IANS) City-based United Bank of India has informed the Bombay Stock Exchange that it has got capital infusion of Rs.300 crore from the central government. "This capital infusion is a ... Read more...

Posted in Business |

Kishore Chanda Deo committee opposes merger of AI-Indian Airlines


March 12th, 2010 - 10:37 pm ICT by ANI
New Delhi, Mar 12 (ANI): The Kishore Chandra Deo committee's fourth report has observed that the root cause of the ills plaguing the National Aviation Company India (NACIL) was the 'merger' of ... Read more...

Posted in National |

L&T Finance to raise Rs.400-500 crore by March


February 11th, 2010 - 5:47 pm ICT by IANS
Kolkata, Feb 11 (IANS) Engineering major Larsen & Toubro's financial services arm, L&T Finance Ltd, would raise another Rs.400-500 crore through debt after its current Rs.500 crore fund raising through an issue ... Read more...

Posted in Business |

Chola MS gets Rs.50 crore as additional capital


February 5th, 2010 - 7:47 pm ICT by IANS
Chennai, Feb 5 (IANS) City-based non-life insurer Cholamandalam MS General Insurance (Chola MS) has got a fresh capital infusion of Rs.50 crore. "We have got an additional capital of Rs.50 crore," managing director ... Read more...

Posted in Business |

Ministerial panel seeks clarification from Air India


February 3rd, 2010 - 4:23 pm ICT by IANS
New Delhi, Feb 3 (IANS) The Group of Ministers (GoM) on Aviation Wednesday sought clarification from national carrier Air India, which had incurred a loss of Rs.7,200 crore last fiscal, about ... Read more...

Posted in Business |

Aegon Religare plans Rs.85-cr capital infusion (Lead)


January 16th, 2010 - 6:51 pm ICT by IANS
Chennai Jan 16 (IANS) Private life insurer Aegon Religare has targeted a premium income of Rs.215 crore this fiscal, and plans to infuse around Rs.85 crore as fresh capital by March. "Post infusion, ... Read more...

Posted in Business |

Cost-cutting reduces HDFC Standard’s capital needs


November 23rd, 2009 - 7:07 pm ICT by IANS
Chennai, Nov 23 (IANS) Cost-cutting measures by private life insurer HDFC Standard Life Insurance Co. is likely to reduce its planned capital infusion by around Rs.100 crore to Rs.250 crore this fiscal, ... Read more...

Posted in Business |

Government to infuse Rs.800 crore into Air India soon


November 14th, 2009 - 4:18 pm ICT by IANS
By Sanjay Singh Belgaum (Karnataka), Nov 14 (IANS) The government will infuse Rs.800 crore of equity into the cash-strapped national carrier Air India in two months, Civil Aviation Minister Praful Patel said ... Read more...

Posted in Business |

Government to infuse capital into rural banks


August 18th, 2009 - 3:35 pm ICT by IANS
New Delhi, Aug 18 (IANS) The government will infuse fresh capital into the regional rural banking system to increase credit flow to the farm sector, Finance Minister Pranab Mukherjee said here ... Read more...

Posted in Business |

Praful Patel says Continental Airlines should have followed Indian laws on frisking


July 29th, 2009 - 8:31 pm ICT by ANI
New Delhi, July 29 (ANI): Union Civil Aviation Minister Praful Patel said on Wednesday airlines operating from India should follow the law of the land while frisking passengers in airports.Referring to the ... Read more...

Posted in National |

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