SBI and BoI seek bids for NPAs worth Rs 7,000 crore

Seven months after the Supreme Court (SC) ordered the maintenance of status quo on insolvency proceedings against manufacturing firm Jayaswal Neco Industries, State Bank of India (SBI) on Thursday sought bids from asset reconstruction companies (ARCs) for the company.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2rca4de