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Indian Bank picks up 13.27% stake in proposed bad bank NARCL

04 Oct 2021 Evaluate

Indian Bank has picked up 13.27 per cent stake in the proposed bad bank National Asset Reconstruction Company (NARCL). The lender has subscribed to 1,98,00,000 equity shares of NARCL for cash consideration of Rs 19.80 crore.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
 

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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