Any fundraising approved by its board would be put to shareholders for a vote, India's seventh-biggest lender by assets said in a stock exchange filing.
Reports in the Indian media have said the bank was looking to raise as much as USD 1 billion from a group of investors after an increase in bad loans. The reports have named U.S. buyout group Bain Capital, Singapore state investor GIC and Canada Pension Plan Investment Board among potential investors.
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