India: Baring PE, others to invest $209m in private sector lender RBL Bank

India: Baring PE, others to invest $209m in private sector lender RBL Bank

Baring Asia

Private sector lender RBL Bank Ltd on Thursday said it will raise 1,566 crore through a preferential allotment of shares to a group of investors led by Baring Private Equity Asia, providing the bank with the much needed capital to deal with the fallout of the covid-19 crisis, which has severely impacted the loan repayment capabilities of many borrowers.