Bandhan bank to sell Rs 775 cr home loans to Arcil
Bandhan Bank is selling its affordable home loan portfolio to Avenue Capital-backed Asset Reconstruction Company India (Arcil) for ₹280 crore in an all-cash deal. The transaction highlights the stress in lower-income groups, where customers are unable to pay ₹10-12 lakh loans taken to buy their homes.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
