A- A A+
Last Updated : Sep 21 2019 1:09AM     Screen Reader Access
News Highlights
Many pressing challenges before international community require stronger global commitment: PM            PM Modi embarks on seven-day US visit tonight            Govt cuts corporate tax rate for domestic investors            World Wrestling C'ships: Bajrang Punia wins bronze medal            Boxing: Amit Panghal becomes first Indian to enter World Men's C'ship finals           

Business News

Sep 08, 2019
7:27PM

PNB put up 11 NPA accounts for sale to recover dues of Rs 1,234 cr

@pnbindia
State-owned Punjab National Bank (PNB) has put up for sale nearly a dozen non-performing assets (NPA) to recover dues of more than 1,234 crore rupees.

 The lender has invited bids from asset reconstruction companies non-banking financial companies, banks, financial institutions for 11 NPA accounts.

The bank said in a statement that the sale is on 100 per cent cash basis. The bank has asked the prospective bidders to expedite the process of due diligence.

The public lender is set to merge two peer banks - Oriental Bank of Commerce and United Bank of India with itself following the government's announcement late last month to consolidate 10 public sector banks into four bigger entities.
 
 

   Related News

Live Twitter Feed

Listen News

Morning News 20 (Sep) Midday News 20 (Sep) News at Nine 20 (Sep) Hourly 20 (Sep) (2300hrs)
समाचार प्रभात 20 (Sep) दोपहर समाचार 20 (Sep) समाचार संध्या 20 (Sep) प्रति घंटा समाचार 20 (Sep) (2305hrs)
Khabarnama (Mor) 20 (Sep) Khabrein(Day) 20 (Sep) Khabrein(Eve) 20 (Sep)
Aaj Savere 20 (Sep) Parikrama 20 (Sep)

Listen Programs

Market Mantra 20 (Sep) Samayki 20 (Sep) Sports Scan 20 (Sep) Spotlight/News Analysis 20 (Sep) Samachar Darshan 20 (Sep) Radio Newsreel 19 (Sep)
    Public Speak

    Country wide 19 (Sep) Surkhiyon Mein 19 (Sep) Charcha Ka Vishai Ha 18 (Sep) Vaad-Samvaad 3 (Sep) Money Talk 3 (Sep) Current Affairs 20 (Sep)