Bandhan Bank Sells Over Rs 6,800 Crore in Stressed Assets to ARCIL and Phoenix ARC
3 hours agoBusiness
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1 SourcesPhoenix, Arizona, United States
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Bandhan Bank Sells Over Rs 6,800 Crore in Stressed Assets to ARCIL and Phoenix ARC

Bandhan Bank has sold stressed loan portfolios totaling over Rs 6,800 crore to asset reconstruction companies ARCIL and Phoenix ARC. The sale includes an unsecured non-performing asset portfolio of Rs 3,165.25 crore to ARCIL and a written-off loan portfolio of Rs 3,707.11 crore to Phoenix ARC. These transactions aim to reduce the bank's non-performing assets and allow it to concentrate on its core lending business.

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