Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank. Chairman Lal Nanayakkara says screened partners may be invited to invest, instead of having a tender that is open to all comers.
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With a Rs. 3 bn equity deficit, and a Rs. 8 bn gap to reach minimum capital requirements, the bank is seeking a new comfort letter from the Treasury.
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