This is IFC’s first investment in a gold-loan non-banking financial company (NBFC) in India.
IPOs & Markets
In January, SBI had raised $1.25 billion through bonds from the overseas market.
This is SBI’s second attempt to sell its Essar Steel loan exposure after dropping the process in September last year.
Dena bank has listed 14 properties, including 6 branches in Mumbai, and issued a request for proposal to appoint a legal consultant for the sale.
This is the second Essar Group company, after Essar Steel, that ArcelorMittal is eager to buy.
ArcelorMittal has reportedly completed due diligence on the company and used the data room open to bidders.
State Bank of India (SBI) has tripled its loan portfolio purchase goal to ₹ 45,000 crore to rescue cash-strapped NBFCs
Canara Bank has filed two separate cases against RGPPL and KLPL under Section 7 of the IBC.
In June, Kapoor had sought a three-year extension till 31 August 2021, but the regulator had agreed to extend his tenure only till 31 January 2019.
The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India, after State Bank of India and H
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