Public Sector Bank
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Opportunity India Desk Nov 23 2023 - 2 min readIndian Overseas Bank, a public sector lender, has issued an invitation for bids concerning the sale of 91 non-performing assets (NPAs) belonging to Micro, Small, and Medium Enterprises (MSMEs), totaling INR 457.28 crore. The bidding document titled ‘Transfer of NPA Loan Exposures’, the bank anticipates a minimum recovery of 60 per cent, equivalent ...
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Opportunity India Desk Nov 01 2023 - 3 min readMahindra Finance, a prominent Non-Banking Finance Company (NBFC) and part of the Mahindra Group, has announced a strategic co-lending collaboration with the State Bank of India (SBI). The partnership, as disclosed in an official exchange filing, leverages the distribution capabilities of NBFCs and the cost-effective capital of banks, aiming to broaden access and ...
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Opportunity India Desk May 25 2022 - 3 min readThe Bank of India (BOI) has announced that it has registered 142 per cent Year-On-Year (YOY) jump in quarter ended March with net profit of INR 606 crore as compared to INR 250 crore in the same quarter a year ago. The standalone net profit of public sector bank for FY22 was up 58 per ...