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Punjab National Bank aims to sell up to ₹5,000 crore in bad debts, targeting at least 50% recovery.
Punjab National Bank (PNB), India's second-largest public sector bank, plans to sell non-performing assets (NPAs) worth up to ₹5,000 crore to asset reconstruction companies (ARCs) this year, aiming for at least 50% recovery.
PNB also targets a ₹30 lakh crore total business by the end of the financial year, with credit and deposit growth rates of 11-12% and 9-10%, respectively.
The bank is focusing on MSMEs, housing, agriculture, and rural infrastructure loans.
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Punjab National Bank tiene como objetivo vender hasta ₹ 5,000 crores en deudas incobrables, con el objetivo de recuperar al menos el 50%.