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Bank of Baroda to sell NPAs worth Rs 6,000 cr, including RCom debt

The bank has identified loans to 49 companies for sale

Bank of Baroda

Bank of Baroda is an Indian state-owned International banking and financial services company | Photo: Shutterstock

Surajeet Das Gupta New Delhi
State-owned Bank of Baroda (BoB) has floated an expression (EoI) of interest to sell its non performing assets worth over Rs 5,928 crore, including its Rs 1,838 crore loan to cash-strapped Reliance Communications. 

The bank has identified loans to 49 companies, including two power firms run by GVK (totalling Rs 357 crore), GMR Chhattisgarh Energy Ltd (Rs 218 crore), and Monnet Power Company (Rs 199 crore), for sale.     

According to the offer, interested asset reconstruction companies (ARCs), banks, non-banking financial companies (NBFCs), and financial investors were allowed to conduct due diligence of these assets from February 25. Interested buyers will

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First Published: Feb 27 2019 | 2:45 AM IST

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