ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Shamken Spinners

EPW Research Foundation IN order to meet the capital adequacy requirements as stipulated by the Reserve Dank of India (RBI) and to get its shares listed on the Pune stock exchange, United Western Bank (UWB) plans to offer 30 lakh equity shares of Rs 10 each at a premium of Rs 10 for public subscription on January 24. While all banks are required to achieve a 4 percent capital to risk weighted assets ratio By March 1994 and 8 per cent by March 1996 as per RBI norms, UWB has already achieved a capital adequacy ratio of 4.7 which will further go up to 4.8 after the public issue. The bank also plans to increase its capital further by Rs 12 crore in two equal instalments in the next two years. In the 56 years of its existence, UWB has a record of uninterrupted dividend payment for the last 54 years (16 per cent in the last two years). Already a Category I merchant banker, UWB has 190 branches and has registered a deposit growth of 27 per cent while its advances have grown by 31.9 per cent against industry averages of 17.6 percent and 20 per cent respectively.

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