IDBI bank only has 16.72 crore outstanding loans to Sanghavi Exports: Stock Exchange Filing
The bank also stated that the account has been declared a non-performing asset and has been fully provided for. The lender has taken action to recover its dues as per its filing to the stock exchanges.
Axis pips Kotak, Indusind for Citi’s India consumer bizAxis has been looking at inorganic opportunities in insurance, micro finance. It was in discussions with Kedaara Capital to acquire Spandana Spoorthy but the deal fell through.
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