Lohum aims to raise $100 million in its series C round and another $100 million in pre-IPO placement, Verma said, adding that the formal fund-raising process will begin in the next couple of months.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger