Supreme Court: Bail Remains the Rule and Jail the Exception, Even under the UAPA Law || Supreme Court: Principle of Res Judicata Also Applies Between Stages of the Same Case || Supreme Court: Govt Servant Has No Right to Old Rule Promotion Just Due to Earlier Vacancies || Delhi High Court: Students Having Zero Attendance Cannot be Promoted to the Next Semester || J&K&L HC: Replacing 'State' With 'Union Territory' in Public Safety Act Does Not Change its Nature || Kerala High Court: Doctor Cannot Enrol as an Advocate Without First Cancelling Medical Registration || Supreme Court: VAT is Not Applicable on Reliance’s Inter-State Gas Supply from KG Basin to UP || Supreme Court: Co-Owner Can File Eviction Suit as Landlord under Bombay Rent Act || Supreme Court: Mediclaim Reimbursement Cannot be Set off Against Accident Compensation || SC: Hindu Succession Act 2005 Amendment Does Not Curtail Daughters’ Existing Inheritance Rights

Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016- (Reserve Bank of India) (21 Apr 2016)

MANU/RMIC/0067/2016

Banking

The Reserve Bank of India issued Master Directions on the issue and pricing of shares by private sector banks. Under the provisions, pricing of shares by listed banks will be as per the SEBI formula, while unlisted banks will price shares as per the Companies Act. Banks will have to report to RBI with full details of the issue upon its completion.

Relevant : Issue and Pricing of Shares by Private Sector Banks MANU/DBOD/0061/2010

Tags : PRIVATE BANK SHARE ISSUE PRICING

Share :