Further, the bank has informed that the Board of Directors have resolved to withdraw their writ petition in the Bombay High Court. In our view, an agreement among regulator and promoter of the bank will put an end to the overhang on the stock. This brings big relief from the bank's perspective as a reduction in stake from 29.96% is moderated to 26% with a new time frame of six months after approval of regulator. Further, time bound overhang on reduction of stake to 15% has been done away. In...