Exim Bank has received Rs 650 crore in capital infusion so far this fiscal from government and expects to get a similar sum in second half.
Tag: infusion
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Canara Bank seeks Rs 1,000 cr for overseas expansion
Canara Bank has sought Rs 1,000 crore infusion from the government to fund its overseas expansion. The bank has approached the Union government for the capital infusion," Canara Bank Chairman and Managing Director RK Dubey said in Delhi on July 29. Although the bank don't require funds for domestic credit expansion this fiscal, capital would be needed for overseas expansion, he said.
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Dena Bank wants govt to infuse Rs 20 bn capital
The tier-I capital of Dena Bank declined below 8 per cent by June 30 and this prompted the state-run bank to seek Rs 2,000 crore capital infusion from the central government, reports indicate. Ashwani Kumar, Chairman and Managing Director of Dena Bank expects the central government to provide this
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Board of Punjab & Sind Bank clears Rs 10 bn capital plan
The board of directors of Punjab & Sind Bank passed an enabling resolution for the bank to raise up to Rs 1,000 crore capital through preferential allotment route. According to media reports, the bank may issue the preferential equity shares to the government during the current quarter. PK Anand, Executive Director of the bank said the capit
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Govt to decide on funding for state-run banks
Financial Services Secretary DK Mittal informed that the government would soon decide on allocation of funding to boost the capital base of public sector banks. He also said that boards of each of the banks that need capital would have to decide whether they want to infuse capital through a rights issue. Leading public sector banks that need capital infusion are
India
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Lloyds steel to get more funding from Uttam Galva
The loss making Lloyds Steel, in which Uttam Galva group acquired 58.35 percent stake recently, is set to get a further capital infusion of Rs 380 crore from the group. Agency reports suggest that the Rs 380 crore additional investment would be used to turnaround Lloyds Steel, which posted net losses of Rs 290 crore in last three financial years. Lloyds Steel has a total loan portfolio (both, secured and u