Punj Lloyd founder seeks to reclaim company from bankruptcy

Punj Lloyd initially attracted interest from as many as 13 prospective bidders, according to people in the know. These included an arm of the Vedanta group and Welspun. None of them proceeded in making a formal financial bid for the company after carrying out due diligence.

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Banks get no respite as Q3 slippages rise

State Bank of India saw its slippages — new bad loans — almost double sequentially to Rs 16,525 crore. Likewise, Axis Bank recognised slippages of Rs 6,214 crore in the December quarter. Kotak Mahindra Bank put new additions in bad loans at Rs 1,062 crore in the third quarter.

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Govt open to further consolidation of banks depending on need: Anurag Thakur

Last year, the government announced mega amalgamation of 10 public sector banks into four to cater to the needs of the aspirational and New India.

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Govt may notify merger of 10 PSBs to 4 lenders this week

After it is notified, the respective bank boards will meet to give their customary final approval.

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HDFC Bank appoints Anjani Rathor chief digital officer

HDFC Bank managing director Aditya Puri said Rathor's credentials and leadership abilities make it a good addition to its leadership team. Rathor studied aersospace engineering at IIT Kharagpur and holds a post graduate diploma in management from IIM-Calcutta, a bank statement said.

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