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Bandhan Bank to transfer housing finance NPAs to asset reconstruction company, ET RealEstate

Bandhan Bank: The outstanding amount that will be transferred to the company is Rs 775.62 crore as on September 30, 2023. The lender had received a binding bid of Rs 280.39 crore for the NPA portfolio on outright cash consideration basis, it said.

Bandhan Bank seeks buyer for its Rs 775-crore distressed affordable home loan portfolio

The private lender s portfolio comprises 8,529 accounts given to affordable home buyers with average principal loans ranging between Rs 10 lakhs and 12 lakhs. The bank reportedly invited offers in cash by December 2.

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