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Punjab National Bank plans to sell bad loans worth Rs.1600 Crore

Punjab National Bank plans to sell bad loans worth Rs.1600 Crore

Wednesday, March 1, 2017, 8:34 PM

State-owned Punjab National is planning to sell assets worth Rs.1800 Crore to ARC's by month end.PNG MD Usha AnanthaSubramanian has informed that the bank has already made a recovery of Rs.1600 Crore by selling bad debts to Assets Reconstruction Companies's (ARC).During the Asset Quality Review of third quarter, the bank had made total cash recovery of Rs.937 Crore.
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