“The authorised capital of the corporate shall be Rs 25 billion divided in to 10 billion equity shares of Rs 2 each, Rs 15 million shares of Rs one hundred every and 350 desire shares of Rs 100 trillion each with rights privileges and circumstances connected thereto… State Bank of India (SBI), Punjab National Bank, other state run lenders, might be in focus after the Reserve Bank of India (RBI) Tuesday sought to deal with Rs 10 trillion non-performing assets (NPAs), on the books of native lenders, mandating that a dozen such accounts be taken to the bankruptcy courts. Emkay Global Financial Services Ltd., the monetary services supplier, will be in focus after it entered into an unique pact with DBS Bank arm DBS Vickers Securities (Singapore) for co-branding and distribution of equity analysis to the latter’s world shoppers. ICICI Bank Ltd., the most important personal sector lender, might be in focus after it elevated its authorised capital by Rs 7.Seventy five billion to Rs 25 billion. Oil & Natural Gas Corporation Ltd (ONGC), the state-owned largest oil & pure gasoline explorer, will probably be in concentrate on talks that the official probe panel initiated together with the Directorate General of Hydrocarbons (DGH), the upstream oil and gas regulator, had no prior knowledge that the reservoirs of the state-run company and Reliance Industries Ltd in KG Basin were linked, the Economic Times reported citing three people conscious of the development.
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