Wed, Feb 21, 2024
Union Bank witnesses a 6% jump in shares after announcing a Rs 3,000-crore qualified institutional placement (QIP) at a marginal premium floor price of Rs 142.78 per share. The bank's decision, disclosed in a stock exchange filing, follows approval from the Committee of Directors for Raising Capital Funds.
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Tue, Jan 31, 2017
To tackle the bad loans problem, the economic Survey 2016-17, has suggested creation of a centralised Public Sector Asset Rehabilitation Agency (PARA) that could take charge of the largest, most difficult cases, and make politically tough decisions to reduce debt.
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