Rs17,800 cr PNB bad loans to be put on block; eyes Rs 6,500 cr PNB Housing Finance stake sale
Punjab National Bank (PNB), which was duped of Rs 14,000 crore by diamantaire Nirav Modi and associates, is looking at bad loan sale of Rs 17,800 crore from 159 accounts during this financial year to asset reconstruction companies (ARC), other banks, financial institutions or NBFCs.
PNB, which was duped of Rs 14,000 crore by diamantaire Nirav Modi and associates, is looking at bad loan sale of Rs 17,800 crore from 159 accounts. Image source: Youtube