PSU banks mobilise record fund of Rs 58,700 crore from markets in FY'21

PSU banks mobilise record fund of Rs 58,700 crore from markets in FY'21

PSU banks mobilise record fund of Rs 58,700 crore from markets in FY'21Aug 1, 2021, 04:48 PM IST

This included Rs 4,500 crore raised by Mumbai-based Bank of Baroda from qualified institutional placement (QIP). Punjab National Bank mobilised Rs 3,788 crore through share sale on private placement basis during the financial year ended March 31, 2021.

IDFC First Bank logs Rs 630 crore loss in Q1 on Covid provisioningJul 31, 2021, 06:40 PM IST

"Net loss of Rs 630 crore for Q1FY22 is because of prudent provisions for Covid wave 2.0. Covid provision pool increased from Rs 375 crore to Rs 725 crore during the current quarter on a prudent basis to act as a cushion for Covid impact," IDFC First Bank said in a release.

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