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Corporation Bank intimats of bank strike

Corporation Bank intimats of bank strike

Jul 28,2016

Corporation Bank has been informed by the Indian Banks Association vide their Circular letter dated 12 July 2016, that United Forum of Bank Union (UFBU) has given a call for a strike on 29 July 2016, in support of some of their demands. In view of this, it is likely that the normal functioning of the Banks Branches may get affected.

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ICICI Bank allots equity shares
Jul 28,2016

ICICI Bank has allotted 69,150 equity shares of face value of Rs. 2/- each on 28 July 2016 under the Employees Stock Option Scheme, 2000 (ESOS).

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Himadri Chemicals & Industries renamed as Himadri Speciality Chemical
Jul 28,2016

Himadri Chemicals & Industries announced that the name of the Company has been changed from Himadri Chemicals & Industries to Himadri Speciality Chemical, pursuant to the approval of the shareholders by means of Special Resolution passed through Postal Ballot and with the approval of the Registrar of Companies, Kolkata, West Bengal.

Further, informed that the Company has received the fresh certificate of incorporation for change of name from the Registrar of Companies on 27 July 2016, accordingly the name clause of the Memorandum of Association has been altered and consequential amendments has also been made in the Articles of Association of the Company.

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Union Bank of India bags Best Bank Award for Use of Technology for Financial Inclusion
Jul 28,2016

Union Bank of India has been awarded the Best Bank Award for Use of Technology for Financial Inclusion among Large Banks by Institute for Development & Research in Banking Technology (IDRBT). The award was presented by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India on 18 July 2016.

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RBI imposes penalty of Rs 1 crore on Corporation Bank
Jul 28,2016

Corporation Bank announced that Reserve Bank of India (RBI) in exercise of powers conferred under Section 47(A)(1)(c) read with the Section 46(4)(i) of the Banking Regulation Act, 1949 has imposed a penalty of Rs. 1 crore on the Bank due to some lapses in KYC/AML norms, along with some other Banks.

The Bank has already taken necessary preventive measures / action plan to avoid such recurrence.

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ANG Industries announces closure of two units
Jul 28,2016

ANG Industries announced that in order to Consolidate its operation, the Company has closed its units situated at 14/6, Mathura Road, Faridabad (Haryana) and 150A, SEZ, Noida District Gautam Budh Nagar (U.P.) respectively and transfer its Plant & Machineries alongwith its other assets to its unit situated at 19-A, Udyog Vihar, Greater Noida, District Gautam Budh Nagar (U.P.).

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Redington India incorporates step down subsidiary - Rajprotim Supply Chain Solutions
Jul 28,2016

Redington India has incorporated a step down subsidiary in the name Rajprotim Supply Chain Solutions through its wholly-owned subsidiary ProConnect Supply Chain Solutions.

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Gujarat State Financial Corporation announces change in nominee director
Jul 28,2016

Gujarat State Financial Corporation announced that Small Industries Development Bank of India, Mumbai, vide letter dated 25 July 2016 nominated Pramod Kumar Vijayvargia, Deputy General Manager, SIDBI, Ahmedabad Branch Office, as a Director on the Board of the Corporation with immediate effect in place of Ajit Nath Jha.

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Bharat Financial Inclusion allots equity shares
Jul 28,2016

Bharat Financial Inclusion announced that on 28 July 2016, the Company has allotted 35,363 equity shares of Rs.10/- each to the employees who have exercised options under various SKS Microfinance Employee Stock Option Plans. The said shares shall rank pari-passu with the existing equity shares of the Company in all respects.

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NIIT allots equity shares
Jul 28,2016

NIIT announced that the Share Allotment Committee of the Board of Directors of the Company has allotted 90,665 (Ninety Thousand Six Hundred and Sixty Five) Equity Shares of Rs. 2/- each to the employees of the Company in accordance with the terms of ESOP-2005.

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Indian Bank raises Rs 600 crore
Jul 28,2016

Indian Bank has successfully raised further Rs. 600 crore under Basel III compliant Tier II Bonds on 28 July 2016 with a coupon of 8.10% p.a., tenor at 10 years and Call Option after completion of 5 years, on private placement basis. The Credit Rating assigned is CRISIL AAA/Negative and CARE AAA.

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Manappuram Finance allots NCDs aggregating Rs 140 crore
Jul 28,2016

Manappuram Finance announced that Financial Resources and Management committee of Board of Directors of the Company allotted 1400 Secured Redeemable Non-Convertible Debentures by way of Private Placement, having face value of Rs. 10,00,000/- each aggregating to Rs. 140 Crores (One Hundred & Forty Crores) on 28 July 2016.

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Visagar Polytex appoints company secretary
Jul 28,2016

Visagar Polytex announced that Ruchi Bhandari, an Associate Member of Institute of Company Secretaries of India has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. 18 July 2016.

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IndusInd Bank allots equity shares
Jul 28,2016

IndusInd Bank has allotted 1,98,385 (One Lakh Ninety Eight Thousand Three Hundred and Eighty Five) equity shares of Rs. 10/- (Rupees Ten Only) each on 28 July 2016 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Wockhardt allots equity shares
Jul 28,2016

Wockhardt announced that the Share Allotment Committee of Board of Directors of the Company has allotted 39,125 equity shares of face value of Rs. 5/- each on 28 July 2016, pursuant to exercise of employee stock options under Employee Stock Options Scheme - 2011 of the Company.

In view of the above, the paid-up equity share capital of the Company will accordingly increase from Rs. 552,544,515/- (110,508,903 equity share of Rs. 5/- each) to Rs. 552,740,140/- (110,548,028 equity shares of Rs. 5/- each).

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