Allahabad Bank will put on sale bad loans worth Rs.101 crore of Khaitan Electricals Ltd (KEL). The bank has scheduled e-auction for the sale of the loan on December 4.

Khaitan Electricals, is one of the 61 such  NPA accounts that have been identified by the bank for sale during the December quarter.

Moreover, as per,  A K Mishra, KEL Company Secretary, the firm is not aware of the loan sale by Allahabad Bank.

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