PNB to sell properties worth ₹4,000 crore

PNB decided to auction properties all over India.

The bank has recovered ₹16,600 crore till 31 December 2018.

A net profit of ₹247 crore is reported as of third quarter in December 2018.

PNB to sell properties worth ₹4,000 crore PNB to sell properties worth ₹4,000 crore 21E6E0A5 B3E3 4442 8187 02AC7AA91440 pnb to sell properties worth ₹4,000 crore PNB to sell properties worth ₹4,000 crore 21E6E0A5 B3E3 4442 8187 02AC7AA91440

 

The Punjab National Bank (PNB) has decided to auction properties over more than 4000 all over India to recover its loan.

PNB to sell properties worth ₹4,000 crore PNB to sell properties worth ₹4,000 crore 46DC072B 3C5C 47F9 8E7A 0025742E7B47 pnb to sell properties worth ₹4,000 crore PNB to sell properties worth ₹4,000 crore 46DC072B 3C5C 47F9 8E7A 0025742E7B47The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) ensure to achieve ₹26,000 crore through the financial year 2018-19.

The bank has recovered ₹16,600 crore till 31 December 2018.

Punjab National Bank recently reported a net profit of ₹247 crore at the end of quarter three in December 2018 against ₹230 crore profit after tax (PAT) in the parallel 2017-18.