ING Vysya Bank raises upper tier II capital to Rs 100cr

Saturday, March 17, 2007, 19:59 [IST]

New Delhi, Mar 8 (UNI) ING Vysya Bank today said that the Board of Directors has approved raising of upper tier II capital up to Rs 100 crore.

At its board meeting held yesterday, the bank has approved the raising of upper tier II capital, by way of unlisted bonds/debentures in foreign currency (Japanese Yen) up to an amount equivalent to Rs 100 crore, from ING Bank, N V with a tenure of 15 years with a callable option at the end of 10 years subject to the approval of RBI and any relevant authority, as may he required, a company statement said.

UNI

Topics: BANKING-ING VYSYA

Other articles published on March 17, 2007

Thomas Cook launches 'Titanium Mastercard'

Saturday, March 17, 2007,19:59 [IST]

New Delhi, Mar 8 (UNI) Thomas Cook India Ltd (TCIL), country's leading travel solutions company, and ICICI Bank today launched 'Thomas Cook Titanium Mastercard' which is ideal for travelers looking for greater convenience and exclusive travel and lifestyle benefits. The MasterCard can be used across the country for travel purchases right from tickets and hotel bookings to holiday packages and travel insurance. ''The launch of travel credit card will play a significant role in our strategic focus of being a.....

Tata Steel acquires controlling stake in rolling mills in Vietnam

Saturday, March 17, 2007,19:59 [IST]

New Delhi, Mar 8 (UNI) Tata Steel Ltd will acquire controlling stake in two rolling mills with 4,30,000 tpa capacity in Haiphong, Vietnam, for 41 million dollars as part of its focus on regional consolidation, NatSteel Asia Pte Ltd (NSA), a wholly-owned subsidiary of the company has entered into an agreement to acquire 100 per cent equity in a 2,50,000 tpa bar/wire rod mill in SSE Steel Ltd and 70 per cent equity holding in Vinausteel Ltd, which produces 1,80,000 tpa.....

Limitless Updates

India News

News Archives

RPG Enterprises to invest Rs 2,700cr by 2011 on retail expansion

Saturday, March 17, 2007,19:59 [IST]

Gurgaon, Mar 8 (UNI) The Goenka's-owned RPG Enetrprises will infuse Rs 2,500-Rs 2,700 crore for setting up 4,000 retail outlets, including 1,000 Spencers stores, across the country by 2011. ''We will invest Rs 2,500- Rs 2,700 crore on our expansion plans within the next four-five years. We will also be investing Rs 1,000 crore on Spencers retail venture,'' RPG Enterprises Vice-Chairman Sanjiv Goenka told reporters here. The money would be raised partly through internal accruals and private equity. The group is.....

Redraft Communal Violence Bill, Micro-Finance bill: Women activists

Saturday, March 17, 2007,20:00 [IST]

New Delhi, Mar 8 (UNI) Terming the proposed Communal Violence Bill and Micro-finance Bill ''gender biased and anti-women'', women groups, social activists and human rights organisations have demanded the legislations should be immediately withdrawn and re-drafted after wider deliberations. Both the Communal Violence (Prevention, control, and rehabilitation of victims) Bill, 2005 and the Micro Finance Sector Development and Regulation Bill, 2007 have already been cleared by the Union Cabinet and are likely to be tabled in the current session of Parliament......

Health camp organised for working women

Saturday, March 17, 2007,20:00 [IST]

New Delhi, Mar 8 (UNI) The Health Ministry today organised a health check up camp to sensitise women, who are the main caregivers to children and elderly, about various health problems specific to the fair sex. Minister of State for Health Panabaka Lakshmi inaugurated the camp organised by the Directorate General of Health Services at the Nirman Bhavan to mark the International Women's Day today. Health Secretary Naresh Dayal and DGHS R.K. Srivastava were also present on the occasion. The camp.....