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Andhra Bank invites bids to sell NPAs worth Rs 1,553 crore

26 Nov 2018 Evaluate

Andhra Bank has invited bids from asset reconstruction companies (ARCs) to sell non-performing assets (NPAs) of more than 50 accounts, in order to make recovery of about Rs 1,553 crore on cash basis only. The bank has invited expressions of interest (EoIs) from ARCs for the sale of its NPAs by November 30, 2018.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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