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How many NPA accounts did PNB puts off for sale to recover dues of Rs 1,234 crores?

Current Affairs September 2019 1 year ago

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Punjab National Bank, a government-run put up for sale nearly a dozen Non Performing Assets (NPA) to recover dues of over 1,234 crore. The bank invited bids from Asset Reconstruction Companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts. The accounts having the bad loans include Visa Steel, which has irrecoverable dues of 441.83 crore, IndBarath Energy (Utkal) 414.23 crore, Aster Pvt Ltd 113.57 crore and Om Shiv Estates 100.16 crore.
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Posted on 03 Feb 2024, this text provides information on Current Affairs related to September 2019. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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