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 ...

Farmers End Protest in Delhi After Midnight March
Farmers End Protest in Delhi After Midnight March

October 22, 2018

DoT Seeks to Finalize Ombudsman System Under TRAI
DoT Seeks to Finalize Ombudsman System Under TRAI

October 22, 2018

India Looks to Generate 40% of Power from Renewable Resources by 2030
India Looks to Generate 40% of Power from Renewable Resources by 2030

October 22, 2018

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