Oriental Bank of Commerce has proposed to sell its stressed financial assets comprising 13 accounts with principal balance of Rs 764.44 crore. For the bank, the e-bidding is scheduled on February 25.
The major loan accounts invited for sale by the bank include Mittal Corporation (Rs 207.17 crore), Jayaswal Neco Industries (Rs 157.03 crore), NCS Sugars (Rs 106.60 crore), Mahalaxmi TMT (Rs 77.61 crore), Kohinoor Steel (Rs 45.06 crore), Sova Ispat Alloys (Rs 37.99 crore), Atlantic Projects (Rs 33.36 crore) and Sova Ispat Alloys (Mega Projects) (Rs 31.28 crore).
Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations.
