Project to be completed within 18 months.
Bank receives binding bids for two of its bad loan portfolios.
HDFC Life (+2.90%) is the top Nifty 50 gainer with 3% gain.
Nifty Bank, Financial Services, Oil & Gas, and Media indices are each trading with about 1% gains.
IPO will include both issuance of new shares and offer-for-sale shares.
Government has said that its reforms have improved the Gross NPA of these banks.
The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty 100 Low Volatility 30 Index in similar weight proportion.
The investment objective of the Scheme is to generate returns that are in line with the performance of the underlying scheme, subject to tracking error.
Fine imposed for not complying with regulations regarding loan recovery agents.
OKAS is the real estate private equity arm of DMI Group.