Sbi to issue bonus shares


SBI the number one bank in the country is considering issue of Bonus shares, according to Financial Express. Presently, GOI holds 59% shareholding in the Bank with the transfer of shares from RBI to Government of India. Hence Government of India will be the biggest beneficiary

SBI the number one bank in the country is considering issue of Bonus shares, according to Financial Express. Presently, GOI holds 59% shareholding in the Bank with the transfer of shares from RBI to Government of India. Hence Government of India will be the biggest beneficiary

It will be followed by a Right Issue in March 2011.


Related Articles

State Bank of Mysore to issue Right Shares

State Bank of Mysore to issue Right Shares = State Bank of Mysore one of the subsidiaries of SBI is issuing right shares pn the basis of 3 for 10 shares held at Rs, 540 per share. The record date for ascertaining the eligible shareholders for the rights issue has been fixed as September 4, 2010.

High Returns on SBI Bonds – Open to Retail Investors

State Bank of India (SBI, in its forthcoming retail bond issue has offered an attractive interest rate at t 9.25% for 10 years and 9.50% for 15 years. The bank expects the interest rates to firm up The return offered on these retain bonds is 2 percent more than the interest SBI offers on its 5 year deposits and above the yield of government securities of comparable maturity. Recently HDFC had raised Rs 250 crore from private placement at an interest rate of 8.95%

More articles: State Bank of Mysore Rights Issue Sbi To Issue Bonus Shares

Comments

No responses found. Be the first to comment...


  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name:
    Email: