Punjab National Bank to auction 32 NPA assests
Written by : SMTV24x7 | Mon, Oct 09, 2017, 12:45 PM
New Delhi OCT 9: In a bid to reduce the mounting NPA problem public sector lender Punjab National Bank (PNB) has ordered the auction of assets of 32 bad loans companies with outstanding loan exposure of Rs1,176 crore.
These NPAs include
# Hanung Toys and Textile
# Harbs India
# United Foods
# Harman Textile
Currently, toys and textile company is the biggest defaulter to the bank.the PSB has said that Assets owned by accounts would be e-auctioned on 8 November and would be conducted by Delhi zonal office.
PNB has a total exposure of Rs771.65 crore to the consortium that extended the loan to Hanung Toys and Textile, as per public auction notice put up by the bank.