QBiz: PNB Blocks 6 NPAs; Govt May Give Rs 30,000 Cr to PSU Banks

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QBiz: PNB Blocks 6 NPAs; Govt May Give Rs 30,000 Cr to PSU Banks Latest Business News: State-owned Punjab National Bank has put on sale six non-performing loans amounting to over 1000 crore, including two accounts of. We would like to show you a description here but the site won’t allow us. The ADB will provide Rs 1,650 crore.

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The Central Government will offload its 4 per cent share in Hindustan Copper Ltd (HCL), starting the 730,000-crore disinvestment programme for the current fiscal. This will be the first stake sale in any public sector undertaking (PSU) in the current financial year, during which the government plans to raise Rs 30,000 crore by way of disinvestment.

Govt awards 55 oil and gas blocks to 6 companies under OALP Round-1. Defence ministry to clear projects worth Rs1,30,000-cr by year-end: report. Govt may consider lowering stake in PSU banks.

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While 17 out of the 18 companies are private, one is a public sector unit (PSU. Rs 800 crore, the orders have been secured from the state-run power giant NTPC Ltd and Gujarat State Electricity.

Public-sector banks appear to have borne the brunt of the fraud-spike, with the Punjab National Bank, which lost a sum of Rs 2,310 crore (5 million), topping the list, followed by the Central Bank of India, where the lost amount stands at Rs 2,150 crore ($330 million), the data further reveal.

While 17 out of the 18 companies are private, one is a public sector unit (PSU. Rs 800 crore, the orders have been secured from the state-run power giant NTPC Ltd and Gujarat State Electricity.