SBI, PNB to Sell Rs. 10 bn NPAs
Public sector Punjab National Bank (PNB), and State Bank of India (SBI) have put their combined Rs. 10.63 billion worth of 15 Non-Performing Assets up for sale. They will host a joint-auction online on 20th April.
12 of the bad loans accounts which amount to Rs. 8.48 billion belong to SBI, while the remaining 3 amounting to Rs. 2.14 billion are of PNB.