The Bank had received approval for the capital raise from its Board of Directors on July 7, 2017 followed by approval from its shareholders at its AGM held on August 4, 2017
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The state run banks continue to languish when their private counterparts continue to thrive.
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Led by an over 41 per cent surge in inflows from small towns or the B15 cities, assets under management (AUM) of the mutual fund industry rose 30.35 per cent to Rs 19.97 trillion in July, says a report.
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Total income of the bank during the reported quarter was marginally up at Rs 2,852.61 crore as against Rs 2,819.37 crore year ago, the bank said in a regulatory filing
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With the new tax reform in place, representatives from cooperative banks discuss the steps to adapt to GST
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Promoted by Allcargo chairman Shashikiran Shetty, Gnanesh Gala of Navneet Education and city-based realty expert Virendra Gala, BlackSoil was launched last August and it invests Rs 15-25 crore in a firm for 6 months to 3 years
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MD and CEO of Allahabad Bank, Usha Ananthasubramaniam said that operating profit of the bank increased 21 per cent at Rs 1170 crore as compared to Rs 967.44 crore during the previous similar quarter
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Cooperative banks in India have contributed to meeting the financial requirements of 50% of India's total population. Representatives of the Cooperative banks talk about the various needs of the Indian financial system.
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