Bandhan Bank sells written-off loan portfolio worth Rs 8,897 cr to ARC for Rs 801 cr

Bandhan Bank sells written-off loan portfolio worth Rs 8,897 cr to ARC for Rs 801 cr

The transaction was completed for through the Swiss Challenge method of bidding.

FPJ Web DeskUpdated: Friday, December 30, 2022, 08:24 PM IST
article-image
Representational image |

Through an exchange filing, Bandhan Bank has informed that it has transferred its group loan and the written off small businesses and agricultural loan portfolio, to an asset reconstruction company.

The transaction for the portfolio worth Rs 8,897 crore was completed for a consideration of Rs 801 crore, through the Swiss Challenge method of bidding.

RECENT STORIES

Walmart-Owned Flipkart Posts ₹5,189 Crore Loss In FY25 Even As Revenues Rise 17.3 Per Cent

Walmart-Owned Flipkart Posts ₹5,189 Crore Loss In FY25 Even As Revenues Rise 17.3 Per Cent

Mcap Of Top Firms Rises By ₹1.69 Lakh Cr, Bajaj Finance Leads The Rally

Mcap Of Top Firms Rises By ₹1.69 Lakh Cr, Bajaj Finance Leads The Rally

Can You Afford The Latest iPhone 17? Here's How Many Workdays It'll Cost You In India

Can You Afford The Latest iPhone 17? Here's How Many Workdays It'll Cost You In India

₹38-₹420: How Expensive Was Vacant Land In Colonial Bombay, What Does The 1907-08 Gazetteer...

₹38-₹420: How Expensive Was Vacant Land In Colonial Bombay, What Does The 1907-08 Gazetteer...

Gold At ₹1.09 Lakh, Silver At ₹1.28 Lakh — Precious Metals Shine On Global Uncertainty

Gold At ₹1.09 Lakh, Silver At ₹1.28 Lakh — Precious Metals Shine On Global Uncertainty