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Central Bank aims to sell 4 large NPAs via e-auction

Updated : March 02, 2019 03:52 PM IST

Central Bank aims to sell four large NPAs with a value over Rs 3,300 crore via e-auction on March 20th.

Central Bank trying to sell off NPAs in the IBC space, the largest one of course is Bhushan Power, there is also Essar Steel, Alok Industries and Bombay Rayon all of which are undergoing insolvency proceedings and the bank has said set reserve price for all of these exposure for sales to asset reconstruction companies, financial institutions and other banks.
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