PNB puts on the block ₹760 cr of bad loans

Punjab National Bank is selling bad loans exceeding ₹760 crore, including significant exposures to Gammon India and Simbhaoli Sugars. This follows a larger sale attempt last week of ₹2,500 crore in non-performing assets. The bank aims to recover at least 40-50% of the identified ₹4,000-5,000 crore in bad loans.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8X6ruFS
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