PNB invites bids from ARCs for stressed assets

PNB has sought expressions of interest (EoIs) by January 3, to be followed by a Swiss auction. This marks a rare instance in recent times of a bank offering corporate loan accounts for sale, as lenders have largely been focusing on the disposal of retail and microfinance (MFI) portfolios.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RnTmHkE
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