Bank Stock News

DCB to consider raising FII limit Development credit Bank Ltd board is meeting on November 24 to discuss options to raise capital and increase the cap of FII investment. Lakshmi Vilas bank to issue bonus, rights The bank has fixed November 24 as the record date to determine the shareholders eligible for bonus and rights issue. The bonus shares will be issued in the ratio of 1:2 ( one share for every two held). The rights issue will be in the ratio of 1:1 (one share for one share held) at a price of Rs.50 per share (Rs.10 face value plus Rs.40 premium), however the bonus shares would be excluded while determining the rights shares entitlement.