RBI rejects Maharashtra Bank request to set off Rs 2,543 crore losses against share premium amount
Updated : September 17, 2018 11:47 PM IST
The bank had Rs 5,293.72 crore in its share premium account by the end of fiscal ended March 2018.
A share premium account reflects amount in a company's balance sheet accrued from additional amount paid by shareholders that is in excess of the par value of shares issued to them.
Published : September 18, 2018 05:38 AM IST