IndusInd Bank sells Rs 4,050 crore distressed retail and corporate loans to ARC in last nine months

The bank sold Rs 2,552 crore loans to Edelweiss ARC and Rs 1,500 crore to Omkara ARC in separate pools comprising retail and corporate loans. IndusInd Bank's aim to maintain its net non-performing assets below 1% could have prompted the lender to sell the distressed loans.

from Banking/Finance-Industry-Economic Times https://ift.tt/3FQYV5L