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Punjab National Bank (PNB) to put on sale three non-performing assets (NPAs), worth Rs.136 crore.
In the invite for expression the bank stated, “We intend to place these accounts for sale to ARCs/ NBFCs/other banks/FIs on the terms and conditions stipulated in the bank’s policy, in line with the regulatory guidelines.” The bank further stated that, the process of e-bidding for the sale of these accounts will happen on July 7, 2018
Gwalior Jhansi Expressways with an outstanding of Rs.55 crore, SVS Buildcon Pvt Ltd Rs.50 crore and Shiva Texfabs Ltd Rs.31.06 crore are the 3 NPAs that are put for sale. Further, the bank has put these NPAs on sale, to recover Rs.136 crore dues from the borrowers.
