Union bank looks to shore up capital to be ready for an acquisition if the government decides to merge small public sector banks with itself.
Government's infra push raises demand for metal; banks, however, cautious on sector’s recovery.
Some estimates put the total banking sector exposure for Videocon at Rs 40,000 crore.
The company which was once a dominant players in television market, also ventured into oil and gas, Special Economic Zones and telecom.
Dena Bank's losses widened 76% in the fourth quarter ended March 2017 compared to a year ago as large corporate accounts led by Videocon Industries slipped into NPAs.
RBI decision came on the day it was empowered with legal amendments to direct banks to take action against NPAs.
Many industries in India are at an inflection point where technology is enhancing efficiency by doing more and at a faster pace than what humans could do.
The bank entered the country about seven years back. However, it is understood that it could not expand its India operations as expected and announced exit from the country last year.
Total advances increased 39% to Rs 29,449 crore led by a 50% growth in loans to large firms.
RBL's breakneck growth has ensured it will need fresh capital less than a year after listing.
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