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Vide Notification no. F.No.11/4/2009-BOA dated 10th November, 2009, Government of India, in exercise of the powers conferred by sub-section (2A) of Section 3, of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, and in consultation with the Reserve Bank of India, has increased the authorised capital of every corresponding new bank under the Act from One thousand five hundred crores of rupees to Three thousand crores of rupees. Accordingly the authorised share capital of the Bank stands increased to Three thousand crores of rupees.
The paid up share capital of the Bank is 505117900 equity shares of Rs. 10/- each. The Government of India holds 55.43 equity share capital of the Bank.
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