fbpx

Back to News

Fight Against Bad Loans: Bank of India Places 54 NPA Accounts for Sale

February 08, 2018

Public Sector Bank of India (BoI) is taking a number of steps to tackle the problem of bad loans, one of the most recent ones being putting a large non-performing asset (NPA) portfolio up for sale.

BoI is seeking bids from Non-Banking Finance Companies (NBFC), Asset Reconstruction Companies (ARCs), and Financial Institutions (FIs) for 54 of its NPA accounts that make for a combined debt of Rs. 2,166 crores.

Tags:
Finance

Recommended for you ...

Uttar Pradesh Launches Smart Meter Project
Uttar Pradesh Launches Smart Meter Project

August 13, 2018

Switzerland, India Discuss Activation of Automatic Exchange of Information
Switzerland, India Discuss Activation of Automatic Exchange of Information

August 13, 2018

“One District One Product” Scheme to Create 25 Lakh Jobs in UP
“One District One Product” Scheme to Create 25 Lakh Jobs in UP

August 13, 2018

Get the latest update on programs, courses, news and events