Lenders to Vijay Mallya seem uncertain about the fate of their dues after the beleaguered liquor baron was declared a fugitive economic offender (FEO) last week.
MS Prasanna, general secretary of the association insists SPGO has enough funds to complete the purchase.
Banks will benefit from the improvement in recoveries by the upgradation of the Jayaswal Neco, Binani Cements and Uttam Galva loan accounts, Elara Capital said.
R&T owes lenders led by IDBI a total of Rs4,100 crore.
The benchmark 10-year bond had eased to 7.22 per cent, the lowest since April 2018.
Pvt banks moved more than 60% of bonds into less than 1-year tenure.
CPI fell to 2.33 per cent in November from 3.38 per cent a month earlier.
The share swap ratio was announced after the stock markets closed on Wednesday.
The full service carrier has been grappling with financial woes for quite some time now and has been making delayed salary payments to staff.
As Yes bank readies for a change at the top, senior group president Monga tells that things can only get better for the private-sector bank
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