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ASBA (Applications Supported by Blocked Amount) is a process developed by India's Stock Market Regulator SEBI for applying to IPOs, Rights issue, FPS etc. ASBA is stipulated by SEBI, and available from most of the banks operating in India. This allows the investors money to remain with the bank till the shares are allotted after the IPO.
The South Indian Bank Limited (SIB) is a major private-sector bank headquartered at Thrissur in Kerala, India. As of 31 December 2024, the bank had a network of 955 banking outlets (954 branches and 1 service branch) and 1290 ATMs/CRMs (1159 ATMs and 131 CRMs) spanning 26 states and 4 union territories).
Salim Gangadharan (born 30 October 1953) is an Indian banker and the incumbent Chairman of the South Indian Bank. [1] He was also Principal Chief General Manager of Reserve Bank of India and Regional Director for Kerala and Lakshadweep. He has also been Director of Syndicate Bank and Central Bank of India. [2]
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares , in a public company , it can be a non-dilutive pro rata way to raise capital.
The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...
South Indian Bank; This page was last edited on 3 March 2021, at 08:24 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
Standard Chartered fixed its issue price for Indian Depository Receipts at Rs 104 per unit. [13] At this issue price, the bank will raise Rs. 2,490 crore ($530 million) by selling 24 crore IDRs. [14] Every 10 IDRs represents one share of the bank. The IDRs opened at the Bombay Stock Exchange and National Stock Exchange on June 11 2010. [15]
On 30 August 2019, Finance Minister announced that Allahabad Bank would be merged with Indian Bank. The proposal would create the seventh largest PSB in the country with assets of ₹ 8.08 lakh crore (US$93 billion). [66] [54] The Union Cabinet approved the merger on 4 March 2020. Indian Bank assumed control of Allahabad Bank on 1 April 2020. [57]