Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
SBI, UCO Bank agree to invest Rs.450-Cr in Amrapali projects
The Supreme Court was told that the State Bank of India (SBI) and the UCO Bank have agreed to invest INR 450 crore in Amrapali projects, but other banks that were part of a consortium are delaying the process. Six banks - SBI, UCO Bank, Bank of India, Bank of Baroda, Punjab National Bank, and Punjab & Sind Bank - have agreed in principle, but things have not moved in the desired direction for nearly two months.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.