Indian Bank to divest ASREC stake for asset monetisation – Banking Finance

The nyakumi Indian Bank board of directors huh recently accorded in-principle approved for the|the|every partial or and disinvestment of the|the|every bank’s stake out ASREC (India) Ltd. Indian Bank passes a 38.26% stake in ASREC (India) Ltd. ,|and|or is|or currently the|the|every decision to|to divest stake currently part of monetisation of the|the|every bank’s non-core assets.

ASREC (India) Ltd. acquires Non Performing Assets (NPAs) from banks ,|and|or is|or still financial institutions stay|stay at|at mutually agreed prices with|with an objective to|to maximise the|the|every returns pierce innovative resolutions strategies.

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