The Government will infuse Rs. 590 crore in the Bank of Maharashtra through the Perpetual Non-Cumulative Preference Shares (PNCPS) route, Rs. 2016 crore in Central Bank of India by participating in the Rights Issue, Rs. 3119 crore in IDBI Bank by way of preferential placement of equity, Rs. 375 crore in UCO Bank through the PNCPS route and Rs. 111 crore in the Union Bank of India through the PNCPS. These banks will undertake the necessary regulatory formalities to obtain clearances from concerned agencies for infusion of this capital.
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Government of India approves Infusion of Capital Worth Rs.62
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How to control risk and reap rewards from your investments
"There is no gain without pain” is a common adage which many people believe in. Perhaps the gains which they have attained in the various spheres of life have been consistently greater than the proportion of risk and pain taken.
Read more at: https://www.moneycontrol.com/news/investing/how-to-control-riskreap-rewardsyour-investments_961429.html?utm_source=ref_article
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Director and Chief Financial Planner,
Holistic Investment Planners
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