We still don’t know for certain apart from a cryptic “family office in the US”.

What is clear from the company’s 2Q results, however, is that the Bank needs to raise capital asap.

Dramatic deterioration in asset quality with no near-term respite visible as illustrated by an increase in the company’s BB and below book despite much higher slippages.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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