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finance | IST

Bank of Baroda seeks to sell 30 NPAs worth Rs 7,407 crore, invites EoI by June 22

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The bank is looking for sale of NPAs on a ‘pure cash basis’.

Bank of Baroda is seeking to sell 30 non-performing assets worth Rs 7,407 crore.
The accounts for sale include Bhushan Power & Steel, Essar Steel, Jindal India Thermal Plant, Binani Cement, etc.
Bhushan Steel is the largest account with loans worth Rs 1550.53 crore, followed by Essar Steel owing Rs 994.33 crore and Jindal India Thermal Plant owing Rs 336 crore. While the loan to Binani Cement is worth Rs 328.82.
Among the other accounts are Rolta India, Rathi Steel, JP Power, Lanco Power, GTL Infra, GMR Chattisgarh, etc.
The state owned bank has invited expressions of interest(EoI) for purchase of assets by June 22 for some and July 7 for others.
The bank is looking for sale of NPAs on a ‘pure cash basis’.