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Utkarsh Small Finance Bank to sell Rs 355 crore NPAs to ARC

30 Dec 2024 Evaluate

Utkarsh Small Finance Bank has received approval to sell its non-performing assets (NPAs) and written-off loans worth around Rs 355 crore to an Asset Reconstruction Company (ARC). The proposed sale will be conducted at a reserve price of Rs 52 crore. The authorised Management Committee of the Bank at its meeting held on December 27, 2024, has approved the same. 

Utkarsh Small Finance Bank is engaged in providing banking and financial services.

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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