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Article: INDIA: SBI ASSOCIATES MAY SLASH SHARE FACE VALUE TO RS.(State Bank of India)(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- September 21, 2004
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According to "Business Standard", the State Bank of India (SBI) has moved the finance ministry's banking division to reduce the face value of the equity shares of SBI's associate banks from Rs 100 to Rs 10 or less. This can be done if the finance ministry agrees to amend the SBI Subsidiary Act. The proposal to bring down the face value to Rs 10 is seen by the market as a prelude to SBI's associates ...
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Article: State Bank of India eyes share sale of $1.5 ...
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May 14, 2007 ;
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... ... subsidiaries into account, State Bank has more than 14,000 ... automatic teller machines.State Bank is waiting for Parliament ... 73 percent stake in State Bank to avoid a conflict of ... subsidiary bank shares have a face value of 100 rupees each ...
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