A day after releasing a tender notice to e-auction Sunny Deols Juhu villa to recover Rs 56 crore loan, the Bank of Baroda on Monday withdrew the auction notice citing technical reasons.
The Central government-owned mortgage lender, Bank of Baroda (BOB) laden with Rs.34,832.16 crore of gross non performing loans as on June 30, has decided to withdraw its decision to auction actor Sunny Deol's Mumbai property for non payment of .
Bank of Baroda (BoB) has come under fire from India s major banking sector union for withdrawing the decision to auction BJP MP and actor Sunny Deol s Mumbai property, after defaulting on a loan of around $7.5m plus interest. “This seems to be BJPs style of phone banking", said the General Secretary of the All India Bank Employees Association, CH Venkatachalam.