The directors' tenure is set for three years, spanning from June 26, 2023, to June 25, 2026.
The funds will be used for onward lending in operational areas, aiding credit access for EWS/LIG home buyers.
The plan involves raising funds within a limit of Rs 5,000 crore by issuing equity shares through QIP
The three banks facing penalties are Walchand Nagar Sahakari Bank based in Pune, Dahanu Road Janata Co-operative Bank Ltd of Maharashtra, and Devika Urban Co-operative Bank Ltd in Jammu and Kashmir
The rupee had concluded Monday's session at 83.11 against the dollar
PNB Housing's gross NPA was Rs 2,270 crore as of June 30, 2023.
Jhingran started his career as a probationary officer with the State Bank of India in August 1991.
Nearly 80% of the incremental loan demand is coming from the private sector.
According to persons involved in the acquisition of stressed loans, SBI circulate the list to ARCs seeking preliminary interest in July.
Reportedly, the bank is planning to issue 15-year infrastructure bonds.
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