SBI, Union Bank to go ahead with Swiss Challenge auction for KSK Mahanadi Power loans

In the Swiss auction process, lenders first hold an auction of the NPA, and the offer made by the highest bidder (also known as anchor bidder) is set as the reserve price.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3EneqBi
via IFTTT

Comments

Post a Comment

Popular posts from this blog

RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO

RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank through its ownership transition and future growth phase. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tqcV3TI via IFTTT
Read more