Parent injects a fresh capital of $25 million into Rabo India
By Our Banking Bureau | 15 Mar 2003
New
Delhi: Rabobank Nederland has injected a fresh capital
of $25 million into its Indian subsidiary, Rabo India.
With this, the current shareholding in the Indian venture has gone up to 100 per cent from the earlier 75 per cent.
The net worth of Rabo India has crossed Rs 300 crore. Rabo India had been recently given a go-ahead by the Reserve Bank India to become a full-fledged bank.
Rabo India has also announced that it is set to increase its staff strength from the present 75 to 110 during 2003.