BoI to receive Rs 1993 crore from Tata Steel-Bhushan Steel deal
The state-owned Bank of India (BoI) would be able to realise around Rs 1993 crore from the first successful NCLT resolution concerning Tata Steel and Bhushan Steel, an official said. The amount would not include hair-cuts, BoI managing director and chief executive officer D Mohapatra said
The realisation of the amount would lead to NPA reduction of Bank of India and increase profitability of the bank. Image source: PTI