Banks line up to offload NPAs : Rupee Times »
Posted By monicachenoa 6 months, 3 weeks ago in Business & FinanceMumbai-based public sector lender, Central Bank of India is in the process of disposing the non-performing assets amounting to Rs. 102 crores.
The offloading, which covers 19 accounts from the different sectors will help the bank to clean up its balance sheet. S Sridhar, chairman and managing director, Central Bank of India, said, "It is a pilot project for us and the bank has not finalised the target for sale of NPAs in 2009-10. Based on the response, the bank would conduct such NPA sales every quarter."
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