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PRIVATE BANKS
Development Credit Bank: Avoid
Steep valuations, unimpressive performance and lack of clarity on business initiatives compel us to take cautious view on the IPO of DCB. More

CORPORATE BONDS
Allahabad Bank raises Rs 561 cr
Allahabad Bank has raised Rs 561.9 crore by way of unsecured redeemable subordinate debt. The tier-II bond issue is expected to strengthen the bank's capital base further. The issue, an Allahabad Bank press release said, closed ... More

MERGERS & ACQUISITIONS
RBI approves UWB-IDBI merger
UWB branches to function as IDBI branches from Oct 3 More

Voting held on LKB, Centurion merger proposal
Following opposition to the proposed merger of Lord Krishna Bank (LKB) with the Centurion Bank of Punjab (CBoP) by a group of shareholders, voting was held at the annual general body meeting of the LKB here on Saturday. According to reliable ... More

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