Allahabad Bank has decided to put on sale bad loans worth Rs 101 crore of Khaitan Electricals (KEL). The Bank has scheduled e-auction for the sale of the loan on December 4.
KEL's NPA is one of the 61 such accounts that have been identified for sale during the December quarter.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.