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BoB to e-auction 46 NPA accounts on June 21 to recover Rs.597-Cr

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State-owned Bank of Baroda will conduct an e-auction of as many as 46 NPA accounts later this month to recover dues of INR 597.41 crore. The accounts will be sold to asset reconstruction companies (ARCs), banks and NBFCs or other financial institutions (FIs) on 100% cash basis, for which the e-auction will take place on June 21, 2021. The last date for submission of expression of interest is June 19. The major NPA accounts put up for sale include Meena Jewellers Export (INR 60.76 crore); Crystal Cable Industries (INR 57.49 crore); J R Foods Ltd (INR 41.60 crore); Shree Raghuvanshi Fibres (INR 27.38 crore); Kaneri Agro Industries (INR 24.69 crore); Man Tubinox (INR 24.28 crore) and Aryans Educational and Charitable Trust (INR 20.79 crore).