Punjab and Sind Bank
Both public and private, twenty five lenders, have secured an option to gain control over the sick infrastructure firm Lanco Infra, following one of the largest corporate debt restructuring (CDR) ,by conversion of 3,024 crore of loans into equity which involves 11,155 crore. In a communication, seeking the approval of shareholders for the issue of shares [...] Continue Reading »
After State Bank of India, ICICI Bank and Central Bank of India, Punjab and Sind Bank has followed suit avoiding pre payment penalties. Now borrowers who have taken home loans from these banks can pay before the time without worrying about the penalties. This initiative was taken viewing the borrowers will to repay the loan [...] Continue Reading »
