Stocks in news: Punjab & Sind Bank, MOIL, IndoStar Capital, Religare Enterprises
Debt-ridden subsidiary Religare Finvest Ltd is hopeful of restarting its business operation in 2023 following the company's proposal of Rs 2,300 crore one time settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, Religare Finvest will come out of the corrective action plan imposed by the Reserve Bank of India in January 2018 due to its weak financial health.