Bank officials allegedly created many accounts to help HDIL get the loan money.
DHFL has proposed to issue four sets of fresh debt securities collateralised to different assets.
The bank has identified 537 branches out of which 345 will be merged with each other and 192 will be relocated.
The overseas market has generally been more receptive to highyield issuances this year."
Shares ended at Rs 1.53 a piece on BSE, down 3.16 per cent on Wednesday.
Research shows that the first three mergers could have a detrimental impact on the acquiring banks.
Lenders preferred Adani’s offer to Dighi Port promoter Balaji Infra Projects which had offered to settle the creditors dues outside the NCLT.
A group of large foreign and domestic institutional investors have participated in the Axis Bank’s institutional qualified placement, which closed earlier in the day.
Banks which have been pushing retail credit have built up risks by compromising on underwriting standards.
State-owned Punjab National Bank is the lead lender to Sintex Industries.
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