Friday, November 30, 2012

Rights issue on cards for govt banks


Ahead of the implementation of Basel-III norms in the banking sector, public sector banks are looking to raise capital, with a rights issue being the preferred mode of capitalisation. Several public sector banks are of the view that allowing banks to raise capital through a rights issue, instead of a preferential allotment of shares being subscribed by the government. It would give all shareholders an equal investment opportunity...........

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