Page 12 - Central Bank
Central Bank to raise Rs 1,297 cr
Public sector Central Bank of India will raise Rs 1,297 crore by issuing preference shares to the government. Bank's Capital Raising Committee of the Board of Directors will hold a meeting on July 25 to "consider and approve raising of additional equity capital up to Rs 1,297 crore by issuance and allotment of equity shares to Government on preferential basis," the bank said in a BSE filing. Capital Raising Committee of the Board of Directors may also decide to hold an Extra-Ordinary General Meeting of shareholder on 18 August to consider and pass the necessary Special Resolution, it added. For current fiscal's capital infusion commitment of Rs 25,000 crore in public sector banks, government released Rs 22,915 crore yesterday for 13 PSU banks including SBI, PNB, Canara Bank, Bank of India and Central Bank of India. The Finance Ministry said 75 per cent of the amount collected for each bank is being released now to provide liquidity support for lending operations as ...
Central bank arsenals in the spotlight as headwinds linger
Yellen's recent comments that slowing world growth and weak oil prices posed a downside risk for the US economy further cooled any projections the central bank could hike rates again as soon as June