Vi has been in fundraising talks with potential investors such as an Oak Hill-led consortium, US private equity firms including KKR, besides Canada Pension Plan Investment Board, Caisse de Dépôt et Placement du Québec (CPDQ) and Norway’s Government Pension Fund Global.
“Last year, the government received a lot of complaints from customers on delays and deficiencies involving public sector banks. Different PSBs had different procedures and service levels. To ensure all banks are equally proactive, it was decided that a single template will be used to invoke restructuring for these loans,” said a person familiar with the decision.
India Business News: Growth recovery which started in the third quarter of 2020-21 is likely to be maintained in the January-March quarter while the full-year contraction