Government has decided to restructure the equity capital of UCO Bank and Punjab & Sind Bank.

The Indian government holds the majority stake in both the Banks i.e. 74.98 percent stake in UCO Bank and 100 percent stake in Punjab & Sind Bank.

The total paid up capital of UCO Bank is approximately Rs. 800 crores out of which Rs. 250 crores will be converted into perpetual non-Convertible preference shares.

Indiabulls Financial Services has registered a consolidated net profit of Rs135.7 crore for the second quarter ended September, a 21.4% growth over the corresponding period year ago.

At least 18 people were killed and 27 seriously injured in a powerful bomb blast in Imphal, the capital of North-eastern state Manipur. The blast occurred near the Police Commandos' Complex late on Tuesday.

The death toll may rise further, according to police, as the conditions of the hospitalized persons are very serious. Body parts of the victims were found scattered out side the police barrack.

Imphal Superintendent of Police Radheshyam Singh told that eleven people died on the spot, while seven of the injured succumbed to their injuries in different hospital. The bomb was planted on a scooter he added.