PNB Set to Sell NPAs Worth ₹5,000 Crore to ARCs, Targets 50% Minimum Realisation: MD Chandra
In a decisive move to strengthen its balance sheet and reduce stressed assets, Punjab National Bank (PNB) has announced its plan to sell non-performing assets (NPAs) worth approximately ₹5,000 crore to Asset Reconstruction Companies (ARCs) during the current financial year. According to PNB Managing Director Atul Kumar Goel Chandra, the bank aims to achieve a…