Net NPA positiom imporves; Clix amalgamation deadline stretched to September 15 on Covid concerns
Commits Rs 200 crore for initiative, which will support 10,000 SMEs with business survival, stability, and growth consulting to help save or create up to 100,000 jobs
PE firm may infuse $150-200 million for up to 20% stake in bank before merger
Deal size pegged at Rs 1,400-1,500 cr; Clix may also want to take up to 74% by roping in another investo
Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week
AION Capital owns around 85 per cent in Clix