Bank of Baroda is planning to conduct an e-auction of as many as 46 NPA accounts later this month to recover dues of Rs 597.41 crore. The bank intends to sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on a 100 percent cash basis, for which the e-auction will take place on June 21, 2021.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
