Andhra Bank proposes to raise Rs 800 cr in FY'15: CMD 


09/02/2014 09:52 AST

State-owned Andhra Bank has proposed to raise Rs 800 crore during the next financial year to fund its growth plans, a top official said today.

"We are planning to raise (funds) through QIP (Qualified Institutional Placements) or from Government of India. We require about Rs 800 crore..," Andhra Bank Chairman and Managing Director C VR Rajendran told reporters here.

It would be decided by third quarter of 2014-15 financial year, he added.

For more on this Click Here

The Economic Times
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 146.1 218,931
BKMB 0.38 966,734
NBAD 10.25 23,035,632
SABIC 96.82 4,447,518
RIBL 10.54 777,351
EEC 22.5 1,500,363
JULPHAR 2.27
Recent News

Small industries get a boost from Sharakah
Sharakah’s total investment in Small and Medium Enterprises (SMEs) rose by OMR27,000 to OMR807,000, despite the challenges the economy is facing due to the financial crisis, the chairman of the board

Oman share index recovers partial
Shares on the Muscat bourse recovered partially on Wednesday. The MSM30 Index ended the session on a positive note at 5,553.52 points, up by 0.19 per cent. The MSM Sharia Index gained 0.30 per cent t

Greece, EU-IMF lenders agree on major issues
Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues, moving closer to clinching a deal before a meeting of eurozone finance ministers on April 7, sources close t

Qatar stock index drops 44.98 points
Qatar Stock Exchange (QSE) index gained 44.98 points (-0.43%) when the bourse closed trading at 10,416.83 points Wednesday.

The volume of shares traded decreased to 11,553,885 from 15,697,

Batelco AGM approves $110.3m dividend
The annual general meeting (AGM) of Batelco Group, the Bahrain-based telecommunications group with operations across 14 countries, today approved a full year cash dividend of BD41.6 million ($110.3 m

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?