22
Friday
November 2019
4:25 PM IST
News Headlines
Assembly Speaker censures four Congress MLAs for climbing on dais        Students, parents stage protest over death of girl due to snakebite in classroom        Mahinda Rajapaksa takes PM office for third time        Israel''s Netanyahu charged in corruption cases        All eyes on Shami as India in throes of making yet another cricketing history with pink ball D/N Test against Bangladesh        India Women claim 5-0 T20 series sweep over West Indies        Three Rafale jets handed over to IAF by France: Govt        Normalcy has been restored in J&K: Shah        Cabinet approves strategic disinvestment of CPSEs        Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns        Nawaz Sharif meets medical experts for check-up in London        Germany crush Northern Ireland 6-1 in Euro 2020 qualifiers        Bring Ashwin back in limited overs cricket: Harbhajan        T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family        Rajini, Haasan hint at joining hands for TN''s welfare        Opposition leader visits injured MLA at Medical College Hospital in Kerala        Helmets must for two-wheeler riders, pillions from Dec 1 : HC        Ailing former Pak PM Nawaz Sharif leaves for London for treatment        Swedish prosecutor drops Assange rape probe        Newly-elected Lankan President to visit India on Nov 29        
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Business News
PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr
 
New Delhi, Sep 8 (PTI) State-owned Punjab National Bank (PNB) has put up for sale nearly a dozen non-performing assets (NPA) to recover dues of more than Rs 1,234 crore.

The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.

The accounts include Visa Steel, which has irrecoverable dues of Rs 441.83 crore, IndBarath Energy (Utkal) Rs 414.23 crore, Aster Pvt Ltd Rs 113.57 crore and Om Shiv Estates Rs 100.16 crore.

The sale is on 100 per cent cash basis, PNB said in an advertisement.

The bank has asked the prospective bidders to expedite the process of due diligence, saying it will make all possible efforts to bring copies of documents at one place for verification. The prospective buyers shall be intimated separately, depending upon their response.

The prospective bidders can evince their interest by September 12.

The last date to submit bids is September 20, 2019. The bids will be opened on September 21.

The lender is set to merge two peer banks -- Oriental Bank of Commerce and United Bank of India with itself following the government's announcement late last month to consolidate 10 public sector banks into four bigger entities.


Jio says will increase tariffs in next few weeks in compliance with rules
IT companies may shed 30,000-40,000 mid-level staff: Pai
Sensex ends 72 pts lower; Yes Bank drops 4 pc
Vodafone-Idea believes govt won't be in conflict with Supreme Court on telco relief: Brokerages
Govt considering to reintroduce restrictions on royalty payments
Anil Ambani resigns as director of Reliance Communications
Govt working on policy to push MSME exports: Gadkari
Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM
Current economic slowdown episodic, says N K Singh
'RBI to cut rates by 40 bps by Feb despite high inflation'
Vodafone Idea shares tumble over 21 pc; hit record low
Rupee slips below 72-mark against USD
Sensex tumbles 229 pts as weak macro data, rupee woes weigh
Hong Kong officials fine UBS for overcharging clients
ArcelorMittal to shut Saldanha plant in S Africa, 1000 workers affected
Sebi disposes of case against ABG Shipyard
I-T dept busts Rs 3,300-cr hawala racket involving infra firms
FinMin says fundamental of Indian eco robust, reforms to stimulate investments
Allahabad Bank loss widens to Rs 2,103 cr in Q2 on higher bad loans
Sensex skids from record high as Moody's cuts India credit outlook
KERALA NEWS
Assembly Speaker censures four Congress MLAs for climbing on dais
 Thiruvananthapuram: Kerala Assembly Speaker P Sreeramakrishnan on Thursday censured four Opposition  
Opposition leader visits injured MLA at Medical College Hospital in Kerala
Sabarimala temple opens for 2-month long pilgrimage season
Kerala: Mixed response to SC Sabarimala verdict
INTERNATIONAL NEWS
Mahinda Rajapaksa takes PM office for third time
 Colombo: Former president Mahinda Rajapaksa assumed the office of prime minister for the third time
Israel''s Netanyahu charged in corruption cases
Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns
Nawaz Sharif meets medical experts for check-up in London
NATIONAL NEWS
Normalcy has been restored in J&K: Shah
 New Delhi: Asserting that the normalcy has been restored in Jammu and Kashmir, Home Minister Amit Sh
Cabinet approves strategic disinvestment of CPSEs
T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family
Rajini, Haasan hint at joining hands for TN''s welfare
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