Centurion Bank Ltd announced the opening of its initial public offer on Monday. The bank is offering 3,37,50,000 equity shares of Rs 10 each forcash at par aggregating Rs 33.75 crores The shares are proposed to be listed on the Mumbai, Mangalore and NSE. The IPO is in compliance with the guidelines of the RBI for listing of the shares of the bank as for augmenting the capital base of the bank.

Sebi bars Uco Bank

Sebi has suspended all Uco Bank branches in Rajkot from acting as banker to an issue with effect from September 9, 1999. The main and city branches of the bank at Rajkot were suspended in view of the irregularities in the public issue of Rajesh Exports Ltd.

Experts favour rolling settlement

Capital market experts today favoured that all the stock exchanges in the country should have an integrated system of settlement in the form of rolling settlement.