IndusInd Bank will take provisions upfront rather than deferring: Sumant Kathpalia, MD & CEO
"I believe that our provision PPOP margins are such that we can take any provisions right now. I do not believe that the third wave will be as vigorous as we what we saw in the Covid-2 or Covid-1."
World Bank arm IFC holds nearly 5% stake in Federal Bank with Rs 916 crore capital infusionIncreased financing for climate-friendly projects as well as more financing for small businesses to help accelerate India's economic recovery from COVID-19 are expected in the wake of a USD 126 million (Rs 916 crore) equity investment in the bank, IFC and Federal Bank said in a joint release on Thursday.
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