The lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of ₹110 crore for KSK Mahanadi and ₹45 crore for KSK Water Infrastructure, setting a reserve price of ₹ 60 crore and ₹ 23 crore, respectively, on an all-cash basis.
The addition of new branches would add to low-cost deposits and help in penetration of loan products, he said. "We are trying to build operational efficiency more so that I can reduce my cost and increase my fee income. We are moving to very granular areas like increasing ATM network, improving digital banking experience," he said. He said ATM network can itself be a profit centre because outside customer pays about Rs 17 per transaction for the use of ATM machine.
August 08, 2023, witnessed a dynamic shift in the stock market as several prominent stocks demonstrated impressive market performance by crossing their 100 Simple Moving Averages (100 SMA).