The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per annum payable annually with call option after 5 years or any anniversary date thereafter
The bank is looking to sell all of them on a 100% cash basis, but the actual realisation will, of course, depend on the reserve price and bids from the buyers
The panel is undertaking a comprehensive review of the sector to identify causes and propose long-term solutions for its development, the RBI said in a statement.
The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fund Regulatory and Development Authority (PFRDA).
Makhija will replace Sanjiv Misra, whose term as the bank's non-executive (part-time) chairman expires on July 17.
The IDBI Bank now has Rakesh Sharma with three-year tenure to effect a turnaround post the entry of Life Insurance Corporation (LIC) as its new promoter.
The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement.
According to Reliance Mutual Fund, which is managing the CPSE ETF, the fifth tranche would open for subscription on March 19, for anchor investors.
A part of SBI's digital banking platform, You Only Need One (YONO), the cardless cash withdrawal service will be available across 16,500 ATMs.
The purchase will happen through multi-security auction using the multiple price method.
There is a competition for deposits in the market. The private banks and new payments and small finance banks are offering higher savings rate.
Karnataka Bank reports Rs 13.26 crore fraud to RBI
PM Modi, Amit Shah and Yogi to address rallies in all phases in West Bengal
Shatrughan Sinha slams PM Modi for deliberately removing LK Advani
BCCI donates IPL opening ceremony funds of Rs 20 crore for welfare of armed forces
PM-Kisan scheme: About 4.74 crore farmers to get 2nd installment from next month
Reliance Jio Prime vs Airtel, Vodafone, Idea 4G offers
Reliance Jio plans to bring 5G internet to your smartphones
Maruti Suzuki opens online booking for Baleno RS
India Inc to get 9.5 per cent salary hike this year
Five tips to get a good salary hike this year
T-Series takes the crown of number 1 channel on YouTube from PewDiePie, but only for few hours
Facebook fixes glitch that exposed millions of user passwords to employees
No political campaign to be allowed on major social media platforms in last 48 hours before polls
Hike Holi stickers: How to download gujiya, gulal, bhang stickers
WhatsApp Holi stickers: How to download and send customised GIFs?