Public banking stocks were mixed after the Union Cabinet yesterday, gave its approval for allowing PSU banks to raise capital to meet their additional capital requirements under Basel-iii by diluting government holding upto 52% in a phased manner. As per Basel-iii norms, banks have to maintain minimum ratio of total capital to risky assets from current levels of 8% to 10.5% till 2020. Insurance stocks declined. Stock Tips
• IndusInd Bank raises a USD 225 million loan from OPIC for its MSME lending program • Repco Home Finance proposes to raise Rs 100 crore by issuing non-convertible debentures (NCDs) CapitalStars
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Public banking stocks were mixed after the Union Cabinet yesterday, gave its approval for allowing PSU banks to raise capital to meet their additional capital requirements under Basel-iii by diluting government holding upto 52% in a phased manner. As per Basel-iii norms, banks have to maintain minimum ratio of total capital to risky assets from current levels of 8% to 10.5% till 2020. Insurance stocks declined.
Stock Tips
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• IndusInd Bank raises a USD 225 million loan from OPIC for its MSME lending program
• Repco Home Finance proposes to raise Rs 100 crore by issuing non-convertible debentures (NCDs)
CapitalStars
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