LIVE MARKET TRACKER :   BSE SENSEX   26658.32      |    NSE NIFTY 7967.60    
GLOBAL MARKETS :  NASDAQ 4493.39   -0.28%    |    FSI London 6622.72   -0.36%    |    NIKKEI Japan 16196.13   +0.14%
  USD GBP EUR CAD AUD INR
USD - 0.6176 0.7927 1.1214 1.1521 61.82
GBP 1.6192 - 1.2835 1.8157 1.8655 100.0989
EUR 1.2617 0.7793 - 1.4149 1.4537 78.0001
CAD 0.8918 0.5508 0.7069 - 1.0275 55.1324
AUD 0.8681 0.5362 0.6882 0.9735 - 53.6672
INR 0.0162 0.01 0.0128 0.0181 0.0186 -
Indian-Commodity  :  Corporate  :  GoI to infuse Rs 3,004 crore in SBI by March

GoI to infuse Rs 3,004 crore in SBI by March (21-Jan-2013)

State Bank of India (SBI) has received approval from central board of the bank for infusion of Capital funds in the Bank by the Government of India (GoI), to the tune of Rs 3004 crore during FY 2012-13, by way of preferential allotment of equity shares to the GoI, to enable the Bank to support national and international banking operations undertaken through its subsidiaries and associates. In this connection, the Bank is seeking necessary approvals from RBI and GoI under section 5(2) of the State Bank of India Act to increase its issued capital.

Last fiscal, the government had infused Rs 7,900 crore in SBI to increase the Tier-I capital of the country's largest bank. Following the capital infusion in March 2012, the government holding in SBI rose to 61.58% from 59.4%.

In FY11-12, the government pumped in about Rs 12,000 crore additional in public sector banks as against Rs 20,117 crore in 2010-11.


Top News Today
Tata Power, NTPC and Hindalco Industries to see some action today
(30-Sep-2014)

Tata Power, NTPC and Hindalco Industries to see some action todayThe government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no satisfactory progress was made to execute the projects. The decision......click on news to read complete article.

CCEA defers its decision on revising gas prices to November 15
(25-Sep-2014)

CCEA defers its decision on revising gas prices to November 15In a major setback to the oil and gas sector, the Cabinet Committee on Economic Affairs (CCEA) has deferred its decision on revising gas prices, expected October-end, to November 15. The CCEA headed by......click on news to read complete article.

Four-member panel submits report on new gas pricing formula
(18-Sep-2014)

Four-member panel submits report on new gas pricing formulaA four-member panel of secretaries appointed by the government has submitted the much awaited report on a new gas pricing mechanism, which prescribes lower rate than the price approved by the previous......click on news to read complete article.

International Stock News
US markets closed lower amid mixed economic reports
(01-Oct-2014)

US markets closed lower amid mixed economic reportsThe US markets closed lower on Tuesday, as investors found little solace in mixed bag of economic reports on housing, manufacturing and consumer confidence. The annual home price growth slowed in July......click on news to read complete article.

US markets close lower; stocks recover from session lows
(30-Sep-2014)

US markets close lower; stocks recover from session lowsThe US markets closed lower on Monday, recovering from early morning selling bout, as investor confidence was hit by violent unrest in Hong Kong and a rebound in consumer spending fueled speculation that......click on news to read complete article.

US markets closed higher on bargain hunting
(27-Sep-2014)

US markets closed higher on bargain huntingThe US markets closed higher on Friday on bargain hunting following Thursday's sell-off, which pulled all the three major averages down to their lowest closing levels in over a month. Sentiments remained......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.