PNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 crore, which constituted around 1.3% of the loan asset as of June 30, 2023, according to a stock exchange announcement
PNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 crore, which constituted around 1.3% of the loan asset as of June 30, 2023, according to a stock exchange announcement.
The company has hired P.M. Nair, a stressed assets expert from State Bank of India (SBI), as the managing director.The other directors on the board are IBA CEO Mehta, SBI deputy managing director S.S. Nair and Canara Bank’s Chief General Manager Ajit Krishnan Nair.
The Union Cabinet on Wednesday cleared a proposal to provide government guarantee to security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans, sources said.
Government guarantee of Rs 30,600 crore to NARCL for acquiring stressed assets: FM tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.