SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Andhra Bank, Allahabad Bank to sell around Rs 6,000 crore of bad loans: Report

05 Jun 2017 Evaluate

Andhra Bank and Allahabad Bank are reportedly planning to sell around Rs 6,000 crore of bad loans amid mounting pressure on state-run lenders to clean their books. While Andhra Bank is planning to sell more than 100 accounts adding to about Rs 4,000 crore of loans, Allahabad Bank has invited bids for 73 accounts with outstanding loans of Rs 2,000 crore.

The assets on sale include Seven Hills Hospital, Visa Power, Visa Steel, L&T Chennai Tada Toll Road, KS Oil, Transstroy India and a few of its associate companies, Maheshwari Ispat and Abhijeet Power. Nearly two dozen asset reconstructions companies (ARCs) will participate in bidding for the bad loans on offer.

Andhra Bank-Amalgama Share Price

15.55 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×