Tag Archives: Infuse

Government To Infuse 10,086 Crore Rupees Into Bank Of India

The Central government has decided to infuse Rs. 10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment. According to the filing, the bank’s board will consider “by way of circular resolution on or after January 2, 2019 ... Read More »

Infuse more capital in PSBs to avoid rating pressure: Moody’s

Moody’s Ratings Services on Wednesday cautioned that public sector banks (PSBs) could see negative pressure on their credit profiles if the upcoming budget does not front load capital infusion in them. “With the front-ending of recognition and provisioning (for non performing loans), there is a corresponding front-ending of capital requirements. With little chance of the banks accessing the capital markets ... Read More »