Religare Finvest signs settlement agreement with all its lenders for OTS

RFL, an NBFC arm of Religare Enterprises Ltd, owed about Rs 5,300 crore to the consortium of lenders led by the State Bank of India (SBI). Other lenders include the Bank of Baroda, Union Bank of India, Canara Bank, Punjab National Bank, Bank of India, IDBI Bank, Punjab & Sind Bank, and Bank of Maharashtra.

from Banking/Finance-Industry-Economic Times https://ift.tt/WnX4yRS