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Admin Reporter- Ajay

Sep 14 2018


PNB to sell 21 NPA accounts for recovering 1320.19 Crore Rupees

Delhi,14,September,2018

 

New Delhi: Public sector Punjab National Bank (PNB) is about two dozen NPAs for recovery of debt trapped. (Non-executed asset) accounts. The bank has invited a bid for this. The department, which handles the recovery of the trapped debt of the bank, has been running the SASR. Has offered to sell 21 total accounts. There is a total loan of Rs 1,320.19 crore.

 

 

 

P.N.B. In the notification, he said, "We are in these NPAs. Want to sell accounts to property restructuring companies (ARCs), banks, non-banking financial companies and financial institutions. It is in accordance with regulatory guidelines and the rules and conditions mentioned in the policy of the bank. "The bank said that only the bid can be deposited through the e-auction. The e-auction will start on the bank portal from 20th September.

 

 

 

These accounts are for sale

 

Moser Baer Solar (Rs 233.06 crores), Divine Alloy and Power Company (200.87 crores), Divine Electricity (132.66 crores), Xichcholi Sugar and Bio Industries (114.42 crores), Northern Northern F. T. W. Jade (96.70 crores) Birla Surya (73.58 crores, including other companies)

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