Indian Bank offers to sell Rs 610- crore bad loans

Dated on: Tuesday 12th December 2023

Indian Bank, under state control, aims to cleanse its financial records by selling bad loans totaling ?610 crore by the end of the fiscal year. Among these loans are those tied to Ashvi Developers, LMJ International, and ACCIL Corporation, with the bank anticipating recovery of at least 25% of the value.

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