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Kotak Mahindra Bank plans to raise as much as Rs 7,500 crore by way of issue of 6.5 crore equity shares of Rs 5 each through a private placement, follow-on public offering (FPO), qualified institutions placement (QIP) or a combination thereof https://www.businesstoday.in/current/corporate/kotak-mahindra-bank-gets-shareholder-nod-to-issue-65-crore-equity-shares/story/404896.html

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“We have sanctioned loans amounting to Rs 2,789 crore under agriculture, SHGs, Retail, MSMEs with almost one lakh beneficiaries between March 2020 and May 2020,” the lender said in a statement. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-of-maharashtra-sanctions-rs-2789-crore-loans-over-3-months-to-msmes-others/articleshow/75943308.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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The bank has since sanctioned nearly six lakh loans amounting to Rs 4300 crore under agriculture, SHGs and retail categories. The bank said it has also sanctioned more than Rs 60,000 crore of advances to corporates and MSMEs from March 2020 till date. Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/canara-bank-announces-credit-support-for-borrowers-affected-by-covid-19/articleshow/75913410.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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The incubator-cum-accelerator, XHealth Innovation Lab, has been set up with an initial corpus of $50 million (nearly Rs 380 crore) for which investors have already given commitment for 60 percent of the funding, according to a source involved in the venture. https://www.moneycontrol.com/news/business/aster-dm-healthcare-lsv-capital-set-up-health-tech-incubator-with-50-million-corpus-5303861.html

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