PNB raises ₹ 1,800 crore via QIP offering

Issues 53.33 crore shares at ₹ 33.75 per share

from Business Line - Money & Banking https://ift.tt/3uU07Ai

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Covid-19 takes a toll on low-income group’s capacity to buy home

In FY21, both in number and value terms, it had dropped 27 per cent 14 per cent, respectively.

from Business Line - Money & Banking https://ift.tt/3fmQ6VV

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Govt may amend DICGC Act in monsoon session to provide timely service to ailing bank depositors

Once the Bill becomes the law, it will provide immediate relief to thousands of depositors who had their money parked in stressed lenders such as PMC Bank and other small cooperative banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/33MuZqH

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SBI to sell three NPA accounts next month for recovery of over Rs 235 cr

Has placed Heavy Metal and Tubes Ltd, Khare and Tarkunde Infrastructure Pvt Ltd, Elize International Ltd for sale

from Business Line - Money & Banking https://ift.tt/2SStx3U

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SBI to sell three NPA accounts next month for recovery of over Rs 235 crore

In terms of the bank's policy on sale of financial assets, in line with regulatory guidelines, SBI said it has placed Heavy Metal and Tubes Ltd, Khare and Tarkunde Infrastructure Pvt Ltd and Elize International Ltd for sale to recover a total of Rs 235.32 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3tOGcle

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