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SBI, PNB to Sell Rs. 10 bn NPAs

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.