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.