Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
PNB recovers ₹4,000 cr from stressed asset sale in January-March
short by Shruti Maria Mahendar / on Tuesday, 30 April, 2019
PNB MD Sunil Mehta has said the lender recovered ₹4,000 crore from sale of stressed assets between January-March. The bank expects to recover ₹3,100 crore through sale of non-core assets in the first quarter of FY20, he added. PNB is looking to monetise its non-core assets after it was hit by ₹14,000-crore fraud involving diamantaire Nirav Modi in February 2018.
read more at Livemint