Page 49 - BANKING FINANCE JANUARY 2016 ONLINE

FEATURE

banks are expected to play in the economy. We have trav- For update news on Banking & Finance Industry
elled a long way from banks being intermediaries be-
tween savers and long-term investors; now they are BANKING FINANCE
marked by risk aversion, short-term profitability focus and
a market valuation-driven business model. A Leading Monthly Journal on Banking & Finance

This does not bode well considering the huge investment Covers Schemes
gaps in infrastructure and the absence of mature debt
markets. Covers Banking 1 Year 750
Finance
The continuing rush of new entrants and the clamour for Stock Market Rural/Co-op 3 Year 1500
increasing the FDI limits in banking should be seen against
this short-term business model of low-cost, low-risk, high- Risk Management 5 Year 2250
volume, high-profit business.
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Infrastructure, core industries and agriculture - the so-
called old economy sectors - have a great need for funds. ORDER FORM

If banks are unwilling to take risks and settle down to safe New Rental Subscription No.
and narrow banking, then who will? If shareholder inter- (Plese tick)
ests take precedence, what about the larger economic
purpose of a vital sector such as banking? (Source: BL) Name of Executive :

Bank of India to raise Rs Designation: Mobile :
264.12 crore by Company's Name : E.Mail :
Address :
selling shares to LIC Pincode : No.of Copies
Phone :
Bank of India (BOI) said it will raise capital by allotting Fax :
Rs 2 crore equity shares to LIC at a price of Rs 264.12 Publication Order :
crore in order to comply with Basel norms. The bank will *Scheme Opted :
hold its Extraordinary General Meeting of the share-
holders, to issue and allot these many shares to LIC, the (Please mention the sheme name example : It-1, Lit-1 or Combo 4-1)
Bank said in a filing on BSE.
Period of Subscription : From to
"To create, offer, issue and allot 2,00,00,000 equity
shares of Rs 10 each for cash at Rs 132.06 per share Details of payment : Cash/M.O./D.D./Cheque* No
including premium of Rs 122.06 per equity share on
preferential basis to LIC," it said in the filing. With a Dt drawn Rs.
view to comply with Basel (II & III) requirements relat-
ing to capital adequacy, there is an ever increasing Ordinary Registered Post (Plese tick)
need to raise capital, it said. "The capital raised would
be utilised to shore up the capital adequacy of the Bank *For outstation cheque please add Rs.50/- towards bank charges.
and to fund the general business needs of the Bank," it outstation cheques accepted metro cities only. No Charges applicable
added. for payable at per cheques.

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BANKING FINANCE | JANUARY | 2016 | 49

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