PNB to sell NPAs worth up to Rs 5,000 crore to ARCs, eyes 50%...

Dununu.com Dununu

Sponsor

PNB to sell NPAs worth up to Rs 5,000 crore to ARCs, eyes 50% minimum recovery; sets Rs 30 lakh crore business target

RSS Feed Business

Posted

73

Punjab National Bank aims to sell over 100 NPA accounts to ARCs, targeting recoveries of 40-50% and a total business of Rs 30 lakh crore by FY26. The bank is focusing on profitable growth, aiming for 11-12% credit growth and 9-10% deposit growth, while streamlining corporate lending and boosting MSME and agriculture sectors.

Read Full Article

Please log in to like, share and comment!

Two killed in truck-scooter collision in Nawalparasi

NAWALPUR: Two people were killed in a road accident at Sisnepul in Gaindakot-10, Nawalparasi...

By 0 2

Kendrapara self-immolation case: Ex-boyfriend arrested for sexual harassment; had 'at least 60 obscene videos' of victim

By 0 6

'Healthcare, education now commercialised': RSS chief Mohan Bhagwat flags accessibility crisis; says common man struggles with costs

By 0 5

'Disgusting degenerate': Trump slams former house speaker Nancy Pelosi over market profits; links husband’s investments to 'insider information'

By 0 10

Maxwell’s gravity-defying catch seals Aus win over South Africa - Watch

Glenn Maxwell's incredible boundary-line catch secured Australia's thrilling 17-run victory over...

By 0 11