2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank (PNB) has put up for sale 24 bad loan accounts to recover dues of over Rupee. _________ crore.
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1, 237
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1, 548
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1, 779
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1, 945
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Explanation:
Detailed explanation-1: -"And we are hopeful to recover Rs 1, 936 crore in the December quarter and Rs 588 crore in the March 2023 quarter.” The lender has also closed its operations of the branch at Hong Kong. Disposal of its major assets and liabilities, the seed capital and accumulated profits have been repatriated.
Detailed explanation-2: -There are various avenues for recovery of Non Performing Asset (NPA), they are Insolvency and Bankruptcy Code, the SARFAESI Act, Asset Reconstruction, Debt Recovery Tribunals, Lok Adalats.
Detailed explanation-3: -While, on a sequential basis the net profit was up by 53.04 per cent from ₹411.27 crore in September 2022 quarter.
There is 1 question to complete.