|
|
|
Home > Business > Reuters > Report
Govt may charge premium from banks returning equity
May 30, 2003 18:05 IST
The government said on Friday it may charge state-run banks a premium if they return a part of their equity capital. "It is being clarified by the finance secretary," the finance ministry said in a statement. "It has neither been decided nor is it the intention of the government to accept return of equity from some listed public sector banks at par when the price is higher in the market." The announcement followed a statement earlier this week by a finance ministry spokeswoman that the government had no plans to charge a premium on equity returned by state-run banks.
© Copyright 2003 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
|
|
|
| Article Tools | | |
| People Who Read This Also Read | | |
|