Central Bank puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues
NEW DELHI: State-owned Central Bank of India has put up for sale four stressed accounts, including Bhushan Power & Steel and Essar Steel India, to recover dues of ₹3,321 crore.
“In terms of the bank’s policy on sale of financial assets in line with the regulatory guidelines, we place the following accounts for sale to banks/ARCs/NBFCs/FIs,” Central Bank of India has said in a bids invite document on its website.
Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.
