Fitment panel suggests four options to Council with revenue implications
The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is $1.6 billion
Move follows sustained dip in FPI holding in the counter; IDBI Bank, Patanjali among other stocks to get in
The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI)
The firm did not reveal the fundraising plan, but sources said the lender planned to raise $500 mn-$1 billion
NII of the lender grew 26.8 per cent YoY to Rs 5,099 crore during this period and net interest margin, a measure of profitability of banks, stood at 5.17 per cent