PNB Puts 21 Bad Loan Accounts On Sale To Recover Rs 1,320 Crore

NEW DELHI: State-run Punjab National Bank (PNB) has put 21 non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 1,320 crore with the e-bidding auction process slated later this month. PNB said in a notification earlier this week that its Stressed Assets Targeted Resolution Action (SASTRA) Division has put on sale these 21 accounts which cumulatively owe the bank Rs 1,320.19 crore.