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07-Feb2018

Bank of India puts Rs 2,400 crore of distressed assets for sale: Report

Bank of India has reportedly put over Rs 2,400 crore of distressed assets on the block, including the accounts of Jai Balaji, Jyoti Power, Privilege Power and Vandana Vidhyut. A total of 25 accounts are up for sale, with a number of big-ticket loans in the power sector.

Privilege Power & Infrastructure with a loan of Rs 250 crore, will be offered on February 22 and bidding will be conducted using the Swiss challenge method, while the remaining 24 accounts amounting to over Rs 2,150 crore, will be offered through the e-auction route on February 26.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.




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