It has 11 outlets at present in Kolkata, Durgapur and Bhuvaneswar.
Value of reserves held in gold rose $36.5 million to $20.703 billion, RBI data showed.
The promoters of the company did not submit resolution plans while it defaulted on a loan of about Rs 80 crore, where SBI has 95% exposure.
The tone of the policy document mildly cooled the 10-year G-sec yield while it led a 0.63% fall in BSE Sensex to 32,597.18.
The cautious tone of the central bank on price level and fiscal slippages is possibly an indication that interest rate cycle is bottoming out.
The one-year old health insurer is present in 34 cities now and about one-fifth of its business comes from retail at present.
RBI data showed that reserves rose $1.2 billion in the week to November 24 to $400.742 billion.
Bank’s CEO says the insurer may get listed after 2 years, a good time for them to exit.
Usha Anathasubramanian that the pitch is ready for large-scale recovery of NPAs and a few big debt resolution stories would provide the desired momentum.
The deal will include direct purchase of stake as well as fresh infusion of capital, the person familiar with the matter said.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon