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Cabinet clears conversion of pref shares to equity in 3 banks

Last Updated: Thursday, January 02, 2014, 20:35

This will apply to three banks - Indian Bank, UCO Banks Vijaya Bank, Finance Minister P Chidambaram said after the Cabinet meeting here.

Sebi notifies norms for listing of preference shares

Last Updated: Friday, June 14, 2013, 23:37

Besides, the public issuance of such shares would require a minimum three-year tenure for the instruments and at least a rating of 'AA-' or equivalent investment grade.

Sebi to simplify broker registration, open new offices

Last Updated: Friday, March 08, 2013, 22:08

Aiming to deepen capital markets, regulator Sebi Friday announced measures to attract larger number of new investors to equities and also simplified the registration process for brokers.

Govt to infuse Rs 1,550 crore in Bank of Baroda via preferential issue

Last Updated: Wednesday, December 26, 2012, 18:32

State-owned Bank of Baroda (BoB) on Wednesday said it will raise Rs 1,550 crore by issuing preference shares to the government.

PSU banks can alter authorised share capital: FinMin

Last Updated: Friday, December 21, 2012, 21:19

State-owned banks can now increase capital while issuing preference shares, rights issues or bonus shares without being limited by the earlier ceiling of Rs 3,000 crore, the Finance Ministry said on Friday.