According to the statement, the company intends to raise Rs 15,000 crore through non-convertible debentures (bonds) up to Rs 15,000 crore in one or more tranches or series not exceeding 30, through private placement, in the domestic market for capital expenditure, working capital and other general requirements
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Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off
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The bankruptcy law was enacted to ensure time-bound settlement of insolvency and enable ease of doing business as the bad loans in the banking system has touched the roof
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The third largest private sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 12th year of a two-year loan
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Start with the minimum ticket size for the private equity fund instead of going all out
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Post revision, customers maintaining savings bank account balance of Rs 50 lakh and above will continue to earn interest at 4 per cent per annum
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The brokerage attributed the jump in inflation numbers to rising vegetable prices, but underlined that core inflation excluding food, fuel ticked up after moderating for three straight months
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The credit agency said the government was seeking to avoid a default that would disrupt markets and prevent other Indian lenders from raising capital from debt investors, but warned that was raising expectations the state would continue to bail out lenders in similar situations
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