PNB Invites Bids To Sell 3 NPA Accounts To Recover Dues Worth Rs 136 Crores dnaindia.com

Punjab National Bank (PNB) has put on sale three non-performing assets to recover Rs 136 crore dues from the borrowers.
“We intend to place these accounts for sale to ARCs/ NBFCs/other banks/FIs on the terms and conditions stipulated in the bank’s policy, in line with the regulatory guidelines,” PNB said in the invite for expression. The three non-performing accounts (NPAs) or bad loans that have been put on sale are Gwalior Jhansi Expressways with an outstanding of Rs 55 crore; SVS Buildcon Pvt Ltd Rs 50 crore and Shiva Texfabs Ltd Rs 31.06 crore. The process of re-bidding for the sale of these accounts will happen on July 7, 2018, the bank said.