| The Board of Bandhan Bank at its meeting held on 21 December 2023 has approved the proposal to transfer the Bank's Housing Finance NPA portfolio, having Days Past Due (‘DPD') of more than 180 days,
with an outstanding of Rs. 775.62 crore (as on 30 September 2023), to Asset Reconstruction Company (ARC).
The Bank has received a binding bid of Rs. 280.39 crore (i.e., 36.15% of the outstanding pool) for the said NPA portfolio, on Outright Cash consideration basis. The Bank is going for bidding as per the Swiss Challenge method and the decision of sale shall be taken as per the extant guidelines governing the Swiss Challenge method and the relevant policy of the Bank. |