Bank of England raises interest rate by 25 basis points.
In a regulatory filing, Canara Bank stated that it had received the whole payment, or Rs121.29 crore, for the sale of its stake on Thursday.
The BoE's nine rate-setters voted 7-2 to raise the Bank Rate by 25 basis points, to 4.25%, sounding more optimistic about the outlook for the modest rate of economic development in the nation.
Bank receives binding bids for two of its bad loan portfolios.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
IPO will include both issuance of new shares and offer-for-sale shares.
Government has said that its reforms have improved the Gross NPA of these banks.
Fine imposed for not complying with regulations regarding loan recovery agents.
These preference shares are perpetual & non-cumulative.
Swiss Central Bank to offer $100 billion credit line to UBS, as part of the deal.