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The bank was nationalized in July 1969 along with 13 other banks. The Central Government holds about 58% stake and institutional investors hold about 37% while Indian public holds balance 5% stakes in the bank. As the government is near to the minimum threshold limit, it leaves a little scope for for significant dilution or capital rising thereon...
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The Central Government holds about 58% stake and institutional investors hold about 37% while Indian public holds balance 5% stakes in the bank. As the government is near to the minimum threshold limit, it leaves a little scope for for significant dilution or capital rising thereon. Mr K.C.Chakrabarty has been appointed as Managing Director and Chairman of the bank on June 04, 2007...
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