Page 3 - General Awareness - Jan 03 to Jan 09, 2016
P. 3
www.bankersguru.org
3 January
rd
CPI veteran Bardhan dead
Veteran Communist Party of India leader A.B. Bardhan, 92, passed away
after a long illness.
Mr. Bardhan, former general secretary of the CPI, was admitted to the G.B.
Pant Hospital here on December 7, after he suffered a stroke.
Bank of Baroda debuts on social media;
introduces twitter handle
Bank of Baroda has entered the social media space by unveiling its
Facebook page and Twitter handle as part of its efforts to restore its image
that has been hit by the alleged Rs. 6,100-crore remittance scam.
The bank will be available on Facebook and Twitter and its presence will
extend to other social marketing mediums in due course.
Govt. may dilute 25% stake in IDBI Bank
State-run lender, IDBI Bank, is planning to raise Rs. 3,771 crore by way of
qualified institutional placement (QIP) which could see government stake
reduce by 25 per cent.
Government has decided to infuse Rs. 2,229 crore into the bank.
At present, the government holds 76.5 per cent in the bank.
After this infusion, government stake in the bank will go over 80 per cent.
If the bank goes ahead with its proposed QIP issue, the government’s stake
in the bank will come down by around 25 per cent.
Qualified Institutional Placement - speedy method of private placement
whereby a listed company can issue shares or convertible securities to a
select group of investors
only institutions or qualified institutional buyers (QIBs) can participate in a
QIP issuance
www.bankersguru.org
3 January
rd
CPI veteran Bardhan dead
Veteran Communist Party of India leader A.B. Bardhan, 92, passed away
after a long illness.
Mr. Bardhan, former general secretary of the CPI, was admitted to the G.B.
Pant Hospital here on December 7, after he suffered a stroke.
Bank of Baroda debuts on social media;
introduces twitter handle
Bank of Baroda has entered the social media space by unveiling its
Facebook page and Twitter handle as part of its efforts to restore its image
that has been hit by the alleged Rs. 6,100-crore remittance scam.
The bank will be available on Facebook and Twitter and its presence will
extend to other social marketing mediums in due course.
Govt. may dilute 25% stake in IDBI Bank
State-run lender, IDBI Bank, is planning to raise Rs. 3,771 crore by way of
qualified institutional placement (QIP) which could see government stake
reduce by 25 per cent.
Government has decided to infuse Rs. 2,229 crore into the bank.
At present, the government holds 76.5 per cent in the bank.
After this infusion, government stake in the bank will go over 80 per cent.
If the bank goes ahead with its proposed QIP issue, the government’s stake
in the bank will come down by around 25 per cent.
Qualified Institutional Placement - speedy method of private placement
whereby a listed company can issue shares or convertible securities to a
select group of investors
only institutions or qualified institutional buyers (QIBs) can participate in a
QIP issuance
www.bankersguru.org
