Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
IndusInd Bank sells Rs.4,050-Cr distressed loans to Edelweiss ARC, Omkara ARC
Private lender IndusInd Bank has sold more than INR 4,050 crore of distressed loans to asset reconstruction companies (ARC) in the last three quarters to clean its books. The bank sold INR 2,552 crore loans to Edelweiss ARC and INR 1,500 crore loans to Omkara ARC in separate pools comprising retail and corporate loans.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.