In furtherance to the letter bearing Ref. No.: BBL/460/2023-24 dated December 21, 2023 informing about the approval of the Board of Directors of Bandhan Bank (the ‘Bank’) to transfer Housing Finance NPA portfolio, having Days Past Due (‘DPD’) of more than 180 days, to Asset Reconstruction Company (‘ARC’), and pursuant to the applicable provisions of the SEBI LODR, Bandhan Bank has informed that upon conclusion of Swiss Challenge Method, the Bank has, on December 29, 2023, transferred Housing Finance NPA portfolio, having DPD of more than 180 days, with an outstanding of Rs. 719.69 Crore (as on December 28, 2023) to an ARC, for a consideration amounting to Rs. 289.60 Crore (40.24% of aforesaid portfolio) on outright cash basis.
The above information is a part of company’s filings submitted to BSE.
