Business Daily from THE HINDU group of publications
Friday, Jan 04, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Jan 04, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Money & Banking
-
Public Sector Banks Vijaya Bank may raise Rs 300 cr more before fiscal-end K.R. Srivats New Delhi, Jan. 3 Vijaya Bank may raise about Rs 300 crore of capital before end-March 2008 to fund business growth, its Chairman and Managing Director, Mr Prakash P. Mallya, has said. “I may go in for about Rs 300 crore either through perpetual bonds or upper Tier-II capital. The board approval is already there for this,” Mr Mallya told Business Line here when asked if the bank plans to raise more capital before the end of the current fiscal. Mr Mallya was here to inaugurate the renovated regional computer cell of the bank. On this occasion, he announced that the entire Delhi region of the bank comprising 64 branches and 5 offices spread across 4 States – Delhi, Uttar Pradesh, Rajasthan and Madhya Pradesh – have come under core banking solution. On when the bank would conform to Basel-II norms, Mr Mallya said that it would happen by September 2008 even as the banking regulator had given time up to end-March 2009 for this purpose. More Stories on : Public Sector Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|