Sale30 Jun 2026, 09:10 pm
Bandhan Bank sells ₹291.44 Cr NPA portfolio for ₹119.49 Cr
AI Summary
Bandhan Bank Limited has concluded the sale of an identified Non-Performing Asset (NPA) portfolio to Assets Care and Reconstruction Enterprise Limited (ACRE). The portfolio, comprising housing finance NPAs with more than 180 Days Past Due (DPD), had a principal outstanding of ₹291.44 Crore as of May 31, 2026. The sale was executed through a Swiss Challenge Method for a consideration of ₹119.49 Crore, representing 41% of the outstanding amount, on an outright cash basis. This transaction follows the Board of Directors' approval for the sale.
Key Highlights
- Bandhan Bank sold an NPA portfolio with ₹291.44 Crore principal outstanding.
- The portfolio was sold to Assets Care and Reconstruction Enterprise Limited (ACRE).
- The bank received ₹119.49 Crore, 41% of the outstanding, on an outright cash basis.
- The sold assets were housing finance NPAs over 180 Days Past Due.
Price Impact
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