StockWatch
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Financial Institution
Board Meeting26 Oct 2026, 03:06 pm

GSFC Approves Unaudited Results and Reintroduces OTS Scheme

AI Summary

Gujarat State Financial Corporation's Board of Directors met on October 26, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026. The Board also decided to re-introduce the One Time Settlement (OTS) Scheme for Term Loans disbursed up to ₹15 lakh and above ₹15.00 lakh, excluding cases with convicted criminals. The meeting, which included a review by the Audit Committee and a limited review by Statutory Auditors, commenced at 1:30 PM and concluded at 2:45 PM. The results and review report will be released in daily newspapers and posted on the GSFC website.

Key Highlights

  • Unaudited financial results for Q2 FY27 approved.
  • One Time Settlement (OTS) Scheme for Term Loans reintroduced.
  • Scheme excludes cases with convicted criminals.
  • Limited Review Report by Statutory Auditors obtained.