PNB to sell 24 bad loan accounts to recover Rs 1,779 crore dues

Posted on:10 Dec 2018 17:07:34
PNB to sell 24 bad loan accounts to recover Rs 1,779 crore dues
10 December 2018 Current Affairs:

The accounts, whose e-bidding process will take place on December 21, are majorly concentrated in Mumbai, Delhi and Kolkata zones of the lender.

Punjab National Bank's (PNB) gross bad loans stood at ₹81,250 crore in the July-September quarter.

The bank posted a staggering loss of Rs 4,532.35 crore for the second quarter of the current fiscal on rising bad loans.


The accounts, whose e-bidding process will take place on December 21, are majorly concentrated in Mumbai, Delhi and Kolkata zones of the lender.

Punjab National Bank's (PNB) gross bad loans stood at ₹81,250 crore in the July-September quarter.

The bank posted a staggering loss of Rs 4,532.35 crore for the second quarter of the current fiscal on rising bad loans.



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