Punjab National Bank (PNB) will offer three Non-Performing Assets (NPAs) accounts with total outstanding of Rs 214.45 crore for sale to ARCs/NBFCs/banks or other financial institutions. The bank will conduct the e-auction on April 20, 2018.
The three accounts are Shree Sidhbali Ispat (Meerut) with non-performing loans of (Rs 165.30 crore), Sri Guruprabha Power (Chennai) Rs 31.52 crore and Dharamnath Investment (Mumbai) Rs 17.63 crore.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
