UCO Bank informed that the meeting of the board of directors of the bank is scheduled on 27 May 2021 to consider and approve equity capital raising plan for the financial year 2021-22.
The fund raising will be through various modes such as Follow on Public Offer (FPO), Qualified Institutional Placement (QIP), Preferential issue etc.
The announcement was made after market hours on Friday, 21 May 2021. Shares of UCO Bank rose 1.36% to settle at Rs 12.70 on Friday, 21 May 2021.
UCO Bank is a commercial bank. Its segments include treasury, corporate/wholesale banking, retail banking and other banking operations. It offers personal banking, corporate banking, international banking and rural banking services.
Canara Bank rose 2.03% to Rs 155.80 after the bank said that its board will meet on Friday, 28 May 2021, to consider and approve capital raising plan of the bank for FY 2021-22.
The bank plans to raise funds through qualified institutional placement (QIP) issue/follow-on public offer (FPO)/rights issue/ preferential issue or any other mode or through a combination thereof and/or through issue of BASEL III bonds or such other securities as may be permitted under applicable laws etc., subject to necessary approvals/ permissions.
Canara Bank is a public sector bank. The Government of India held 69.33% stake in the state-owned commercial bank as of 31 March 2021. As on 31 March 2021, the bank had 10,416 number of branches, out of which 3,069 are Rural, 3,140 Semi- Urban, 2,094 Urban and 2,113 Metro along with 13,452 ATM.
Bank of India said that a meeting of board of directors of the bank is scheduled on 30 April 2021 to consider and approve fund raising plan.
The board of directors of the state-run bank would consider the proposal of raising capital including by way of a further issue of equity shares and BASEL III Compliant Additional Tier-I, Tier-II bonds etc.
The announcement was made after market hours yesterday, 27 April 2021. Shares of Bank of India rose 1.3% to settle at Rs 66.05 yesterday.
The stock hit a 52-week high of Rs 101.45 on 19 February 2021. The stock hit a 52-week low of Rs 31 on 20 May 2020.
Bank of India is a public sector bank. The Government of India held 89.10% stake in Bank of India as on 31 March 2021.
The private lender reported 18.2% rise in net profit to Rs 8,186.51 crore in Q4 FY21 compared with Rs 6,927.69 crore in Q4 FY20.
Total income of the bank rose 5.8% year-on-year (YoY) to Rs 38,017.50 crore during the quarter. Net interest income for the quarter ended 31 March 2021 grew by 12.6% to Rs 17,120.20 crore from Rs 15,204.10 crore for the quarter ended 31 March 2020, driven by advances growth of 14%, and a core net interest margin of 4.2%.
The bank s continued focus on deposits helped in maintenance of a liquidity coverage ratio at 138%, well above the regulatory requirement.
Other income stood at Rs 7,593.90 crore in Q4 FY21, up by 25.9% from Rs 6,032.60 crore in Q4 FY20.
HDFC Bank on Monday announced that its advances grew around 13.9% to approximately Rs 11,32,000 crore as of 31 March 2021 compared with Rs 993,700 crore as of 31 March 2020.
The bank s advances reported a growth of 4.6% compared with Rs 10,82,300 crore as of 31 December 2020. As per regulatory (Basel 2) segment classification, domestic retail loans as of 31 March 2021 grew by around 7.5% over 31 March 2020 and around 5% over 31 December 2020. Domestic wholesale loans as of 31 March 2021 grew by around 21% over 31 March 2020 and around 4.5% over 31 December 2020.
The bank s deposits aggregated to approximately Rs 13,35,000 crore as of 31 March 2021, up by around 16.3% compared with Rs 11,47,500 crore as of 31 March 2020. Sequentially, the deposits increased by around 5% from Rs 12,71,100 crore as of 31 December 2020.