Private sector DCB Bank has fixed the floor price at Rs 177.39 for its issue of shares to qualified institutions to raise Rs 400 crore. The Bank may offer a discount of 5 per cent on the floor price.
The infusion of up to Rs 400 crore will help it add up to 2 percentage points to the core capital buffer and the tier-I will go up to 13 per cent after the infusion.
The Bank had reported a lower net profit of Rs 53 crore for the fourth quarter ended March 2017, on higher provisioning and higher tax expense. The Bank had recorded a profit of Rs 70 crore in the same quarter last fiscal.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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