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PSBs to infuse ₹1,000 cr for completion of Amrapali projects, SC told
short by Krishna Raj / on Sunday, 14 November, 2021
The Supreme Court was informed by court-appointed receiver and senior advocate R Venkataramani that a consortium of six public sector banks (PSBs) agreed to infuse around ₹1,000 crore for completion of stalled projects of Amrapali. The consortium of banks includes UCO Bank, Bank of India and Bank of Baroda, among others. The paperwork is likely to be completed by month-end.