STATE BANK OF INDIA

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• Govt eyes innovative products to raise credit flow to pharma companies

  "Sector specific issues of pharmaceuticals companies will be taken up by this group, including credit requirement, faster loan clearances and streamlining of procedures," said an official aware of the matter.

  

• Dhanuka Laboratories leads race for Orchid Pharma

  Besides Dhanuka, two other companies - Accord Life Spec and Covalent Laboratories - had bid for Chennai-based Orchid Pharma in a second round of bidding,

  

• NCLT admits insolvency plea against Sterling Biotech

  Senior officials from banking circles said that Andhra Bank, which is the lead bank in this case, has called a meeting of lenders on Tuesday to discuss the loan account and ways to resolve it.

  

• ED attaches Rs 4,700-crore assets in Sterling Biotech crackdown

  Last October, the CBI registered a criminal case against Sterling Biotech, its directors and a then director of Andhra Bank for allegedly cheating public sector banks of Rs 5,383 crore.

  

• Apollo Hospitals, Aster DM, Narayan Health initial bidders for Seven Hills hospitals

  Seven Hills, with an estimated debt of Rs 1,300 crore, went under the hammer this year as lenders led by Axis Bank, and a State Bank of India (SBI) consortium initiated the insolvency procedure against the hospital chain

  

• Week's 'relief' for patients at government hospitals

  For those stuck with the now illegal Rs 500 and Rs 1000 currency notes in the middle of a medical emergency, the state government has decided to extend a helping hand.

  

• Baba Ramdev’s Patanjali Ayurved plans to raise Rs 1,000 crore

  "Long term project loans with 5-10 years maturity should serve our purposes," managing director Acharya Balkrishna told ET confirming the matter.