Corporation Bank which holds .27 percent of stake in NSE has offloaded its stake. Corporation Bank has sold 47,000 equity shares of NSE to Fidelity Trustee Co. Pvt Ltd and 73,750 equity shares to HDFC Ltd totaling to 1,20,750 equity shares for sum of Rs 35,01,75,000.
Entries Tagged 'Bank Shares' ↓
Corporation Bank sells NSE stake
September 11th, 2007 — Bank Shares
Lakshmi Vilas Bank recommends dividend
September 3rd, 2007 — Bank Shares
Lakshmi Vilas Bank informed that, the board of directors of the company at its meeting recommended 7% dividend.
Corporation Bank to raise Rs 200 cr
August 20th, 2007 — Bank Shares
Indian state-run Corporation Bank said on Monday it plans to raise Rs 200 crore through a Tier-II bond issue, but did not specify the timeframe.In February 2006, the bank’s board had approved raising up to Rs 500 crore via Tier-II bonds in tranches. It had already raised Rs 300 crore in March 2006 and the proposed Rs 200 crore issue is the second tranche, it said in a statement.
Lakshmi Vilas Bank eyes 28% biz growth in 2008
August 20th, 2007 — Bank Shares
Tamil Nadu-based Lakshmi Vilas Bank (LVB) is looking at a 28 per cent growth in business volume in 2007-08 at Rs 11,200 crore, bank’s General Manager R Sridharan told reporters.
HSBC neutral on UTI Bank
August 16th, 2007 — Bank Shares
According to the research report of HSBC Global on UTI Bank(Name changed to Axis Bank) it has maintained neutral rating on Axis Bank and expects a target price of Rs 603.
Indusind Bank Book Closure (Purpose Revised)
August 10th, 2007 — Bank Shares
Indusind Bank Limited has informed the Exchange that Bank’s Register of Members and Share Transfer Books shall remain closed from September 04, 2007 to September 18, 2007 (both days inclusive) for the purpose of the Annual General Meeting scheduled to be held on September 18, 2007 and for the payment of dividend @ 6% for the financial year ended March 31, 2007, if approved at the ensuing Annual General Meeting of Bank.Indusind Bank Limited has informed the Exchange that Bank’s Register of Members and Share Transfer Books shall remain closed from September 04, 2007 to September 18, 2007 (both days inclusive) for the purpose of the Annual General Meeting scheduled to be held on September 18, 2007 and for the payment of dividend @ 6% for the financial year ended March 31, 2007, if approved at the ensuing Annual General Meeting of Bank.