State-owned Bank of Baroda has raised Rs 4,500 crore equity capital through qualified institutional placement (QIP). The capital raising committee of the board on Wednesday approved the issue and allotment of 55,07,95,593 equity shares to eligible qualified institutional buyers at issue price of Rs 81.70 per share against the floor price of Rs 85.98 apiece, aggregating to Rs 4499,99,99,948.10, the bank said in a regulatory filing. The issue had opened on February 25, 2021 and closed on Tuesday. The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP. The lender said total seven buyers were allotted more than five per cent of the equity shares offered in the issue.
NEW DELHI: The Supreme Court on Friday ruled that breaking open a customer’s locker by a bank was a serious breach of trust and ordered United Bank of India to pay Rs 6 lakh compensation to an aggrieved person whose locker was broken open at a Kolkata branch more than 25 years ago.
The bank informed Amitabha Dasgupta in 1995 that the locker had been broken open and allotted to another person as the rent was not paid for 1993-94. When Dasgupta proved that he had paid rent for the previous year, the bank admitted its mistake. When the customer wanted back the seven pieces of jewellery deposited in the locker, the bank could return only two.
The court also said that the custodian of the bank should additionally maintain a record of access to the lockers, containing details of all the parties who have accessed the lockers and the date and time on which they were opened and closed
Updated:
January 18, 2021 15:32 IST
The U.K. government had communicated that there was a ‘further legal issue’ to be resolved before the businessman could be extradited
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Vijay Mallya arrives for the second day of his extradition case at Westminster Magistrates Court in London, United Kingdom on December 5, 2017.
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AP
The U.K. government had communicated that there was a ‘further legal issue’ to be resolved before the businessman could be extradited
The United Kingdom government has told the Indian side that businessman Vijay Mallya cannot be extradited until a confidential “legal issue” concerning him is resolved, the Centre informed the Supreme Court on Monday.
Read more about Union Bank of India to raise Rs 1,000 cr via bonds on Business Standard. Union Bank of India on Thursday said it will raise Rs 1,000 crore by issuing Basel III-compliant bonds on a private placement basis.