IDBI Bank, PNB Housing , Sicom in push to offload bad loans

IDBI Bank, PNB Housing Finance and Sicom plan to sell their distressed loan books, following the example of Yes Bank and Bandhan Bank. Special situation funds have initiated talks with IDBI Bank to acquire its non-performing loan book, with the bank demanding an all-cash deal. Meanwhile, PNB Housing Finance has invited offers to sell its loan book worth around ₹3,000 crore.

Generated by Feedzy