Through a regulatory filing, Bandhan Bank has informed that it has received a bid from an Asset Reconstruction Company for its portfolio of written of Small Business and Agriculture Loans as well as group loan.
It has received a bid worth Rs 801 crore for the written-off portfolio, with an outstanding of Rs 8,897 crore. The bidding will be conducted via swiss challenge method, where other bids will be invited to counter the ARC.
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