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Bandhan Bank Limited (BANDHANBNK.NS)
- Reuters
India's Bandhan Bank says loan claims under audit by govt agency
India's Bandhan Bank said on Tuesday that the National Credit Guarantee Trustee Company (NCGTC) has decided to undertake an audit of loan claims filed by the lender under a guarantee scheme. After receiving the first tranche of recovery from the Credit Guarantee Fund of Micro Units (CGFMU), Bandhan Bank had applied for a second tranche of about 12.90 billion rupees ($155.3 million), the lender said in an exchange filing. The NCGTC has further intimated its decision to conduct a detailed audit of the CGFMU portfolio for the fiscal year 2020-21, the filing showed.
- Reuters
India's Bandhan Bank sells stressed home loan portfolio
India's Bandhan Bank on Thursday said that it will sell its stressed home loan portfolio to an asset reconstruction company. The bank has approved the transfer of 7.76 billion rupees ($93.23 million) in home loans, which were overdue by more than 180 days to an asset reconstruction company (ARCs), it said in a release to exchanges. Bandhan Bank had a gross non-performing assets ratio of 7.32% at the end of the September 2023 quarter.
