close
Business

State Bank of India, Punjab National Bank put 15 non-performing resources

State Bank of India, Punjab National Bank put 15 non-performing resources worth Rs 1,063 crore available to be purchased

New Delhi: Leading open area loan specialists State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing resources worth Rs 1,063 crore available to be purchased.

Both the banks said they will direct the e-closeout on twentieth of this current month.

SBI has set up an aggregate of 12 accounts with add up to exceptional of Rs 848.54 crore available to be purchased.

State Bank of India, Punjab National Bank put 15 non-performing resources worth Rs 1,063 crore available to be purchased

“…we put these records available to be purchased to resource reproduction organizations (ARCs)/banks/NBFCs/budgetary instincts,” said SBI, the nation’s biggest bank.

Of these records, Surat based Garden Silk Mills has the most elevated exceptional of Rs 225.06 crore, trailed by Korba West Power Company (Gurgaon) Rs 124.78 crore, Modern Steels (Chandigarh) Rs 122.61 crore and SNS Starch (Secunderabad) Rs 66.87 crore.

Rest NPA accounts incorporate Leitwind Shriram Manufacturing Pvt Ltd (Rs 64.95 crore), Unijules Life Sciences (Rs 59.25 crore), Scania Steels and Power (Rs 42.42 crore), KSM Spinning Mills (Rs 40.42 crore), Modern Dairies (Rs 39.93 crore), Asmita Papers (Rs 37.23 crore), Forel Labs (Rs 22.86 crore) and Jaipur Metal and Electricals (Rs 2.16 crore).

The second biggest open part loan specialist PNB will offer three NPA accounts with add up to extraordinary of Rs 214.45 crore available to be purchased to ARCs/NBFCs/banks or other money related establishments.

The three records are Shree Sidhbali Ispat Ltd (Meerut) with non-performing advances of (Rs 165.30 crore), Sri Guruprabha Power Ltd (Chennai) Rs 31.52 crore and Dharamnath Investment (Mumbai) Rs 17.63 crore.

All the 21 open segment banks had net awful credits of over Rs 7.33 lakh crore as on December 31, 2017. Of this the SBI had the most astounding offer of Rs 2.01 lakh crore took after by Punjab National Bank Rs 55,200 crore, IDBI Bank Rs 44,542 crore, Union Bank of India Rs 38,047 crore, among others.

(This Story Originating From FIRSTPOST)

Sanjay Bhagat

The author Sanjay Bhagat

Sanjay Bhagat is a news author in various news category and has worked on local newspapers.

Leave a Response