The first part will be to complete the rights issue, said Vice Chairman and Managing Director Hari Sankaran.
RBI has called for a meeting with shareholders of IL&FS on Sept. 28 amidst continuing defaults from the group.
The government has appointed managing directors and chief executive officers at 10 public-sector banks with immediate effect.
The merger of Bank of Baroda, Dena Bank and Vijaya Bank will create India’s third-largest lender.
All decision on the quantum of equity raising and line of credit will be taken after the Sept. 29 AGM.
IL&FS has further defaulted on inter-corporate deposits to the Small Industries Development Bank of India.
The Supreme Court will hear ArcelorMittal’s plea against the NCLAT’s decision on its bid for Essar Steel on Wednesday.
The board of Infrastructure Leasing & Financial Services Ltd. will meet on Sept. 15 for a Rs 3,000-crore loan from LIC and SBI.
ArcelorMittal has till Sept. 11 to clear pending dues for Uttam Galva and KSS Petron, which add up to about Rs 7,000 crore.
Another lender wants insolvency resolution for Reliance Naval.
Nearly all of the banned currency in India during demonetisation was deposited with RBI.
SBI says resolution of seven stressed power assets likely in 10-15 days.
Liberty House said to submitted an all-cash bid for Rs 450-500 crore for Adhunik Metaliks under IBC.
RBI has released a new framework for bank auditors.
As many as 72 percent of creditors by value of loans voted in favour of the resolution plan.