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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Bank of Maharashtra Ltd    MAHABANK   INE457A01014

BANK OF MAHARASHTRA LTD (MAHABANK)
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BANKS UNDER WATCH TOLD TO RETIRE AT1 DEBT

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02/09/2018 | 01:00am CET

Reserve Bank of India (RBI) has asked public sector banks under its prompt corrective action (PCA) to retire high cost debt like additional tier 1 (AT1) capital. Banks, which have sold AT1 bonds worth Rs87,195 crore, would receive funds from Government of India soon and will have to extinguish debt well before maturity or even the stipulated call option. The move is part of the austerity measure to restore commercial viability for banks under RBI's PCA like Allahabad Bank, Bank of Maharashtra, Corporation Bank, Dena Bank, Indian Overseas Bank and UCO Bank.

Copyright (c) 2018 . Informatics India Ltd., source Indian Business Insight

Valeurs citées dans l'article
ChangeLast1st jan.
BANK OF MAHARASHTRA LTD 0.00% 16.9 End-of-day quote.-17.54%
CORPORATION BANK 1.09% 32.5 End-of-day quote.-13.63%
DENA BANK -1.45% 20.4 End-of-day quote.-12.38%
INDIAN OVERSEAS BANK -0.25% 19.7 End-of-day quote.-6.53%
UCO BANK -0.92% 26.9 End-of-day quote.-2.05%
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Managers
NameTitle
Ravindra Prabhakar Marathe Chief Executive Officer, MD & Director
R. H. Phadnis GM-Financial Management & Audit
T. V. Ramanmurthy General Manager-Information Technology
R. K. Gupta Executive Director
G. Sreekumar Non-Executive Director
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