Bank of India puts Rs 30,000-crore non-performing asset accounts on sale

The public sector bank did not mention the amount, and said the information regarding the accounts will be given separately to the bidders

Bank of India (BoI) has put up 55 non-performing asset (NPA) accounts for sale, as part of its plans to sell Rs 30,000 crore of bad debts in the current financial year.

Included in the first tranche of the list, put up on Bank of India website, are names such as Amtek Auto (external commercial borrowing exposure), AMW Motors, GVK Power (Goindwal Sahib), Lavasa Corp etc.

The public sector bank, which came out of the prompt corrective action framework in January, did not mention the amount, and said the information regarding the accounts will be given separately to the bidders.

“Principal outstanding balance/contractual