IndusInd plans to sell ₹1,500-crore bad loans to ARCs
Financial Express Hyderabad|December 27, 2024
INDUSIND BANK PLANS to sell nearly ₹1,500 crore worth of bad loans, including more than 1 million micro loans with a ticket size anywhere between ₹5,000 and ₹40,000, to asset reconstruction companies (ARCs), in a bid to arrest deterioration in its asset quality.
SACHIN KUMAR

According to a source, the bank has nearly 1.06 million micro loan accounts of farmers spread across the country and is looking to transfer them under the all-cash deal.

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