PNB decided to auction properties all over India.
The bank has recovered ₹16,600 crore till 31 December 2018.
A net profit of ₹247 crore is reported as of third quarter in December 2018.
The Punjab National Bank (PNB) has decided to auction properties over more than 4000 all over India to recover its loan.
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI) ensure to achieve ₹26,000 crore through the financial year 2018-19.
The bank has recovered ₹16,600 crore till 31 December 2018.
Punjab National Bank recently reported a net profit of ₹247 crore at the end of quarter three in December 2018 against ₹230 crore profit after tax (PAT) in the parallel 2017-18.
