indian overseas bank – News Express

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PC Jeweller settles with lenders, offers Rs 2,250 cr – ET Retail

adminJuly 22, 202404 mins

Mumbai: PC Jeweller has reached a one-time settlement (OTS) with a consortium of lenders led by State Bank of India (SBI) to settle its debt by offering banks a mix of cash and equity in the Delhi-based company. The ₹2,250-crore offer represents about a 20% haircut to lenders’ principal amount, estimated at ₹2,900 crore, and…

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Up to 7.30% interest rate: SBI, Bank of Baroda, Indian Overseas Bank offer special FD plans with higher deposit rates – Times of India

adminJuly 17, 202404 mins

Banks offer special FD rates to attract deposits: In an effort to attract retail deposits, banks have launched special schemes offering savers an additional 25-30 basis points for term deposits above current commitments for similar tenures. This move suggests that policy interest rates are likely to remain high in the near future.According to an ET…