Four Indian state-run banks will get 15 billion rupees

dt: 10-may-2010

Four Indian state-run banks will probably get 15 billion rupees ($330 million) as part of their recapitalization, the Press Trust of India reported, citing unidentified people that it didn't identify. The government may give Vijaya Bank 7 billion rupees, while UCO Bank may get 3 billion rupees. Central Bank of India (CBOI IN) and United Bank of India may get 2.5 billion rupees each, the news agency said. No timeframe was given in the report.

The stocks of Vijaya Bank Ltd. gained 3 percent to 56.25 rupees. Uco climbed 2.2 percent to 71.85 rupees. Central Bank rose 1.1 percent to 149 rupees, while United Bank advanced 1.6 percent to 80.9 rupees. today