Announced Tue, 30 Jun · 21:04 IST
Bandhan Bank sells Rs 291 Cr NPA housing finance portfolio to ACRE
BANDHANBNK · price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹204.59
prior close
₹204.20
base price
After-mkt
timing
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-0.1+0.1+0.3+0.8+0.2-2.8+1.9+0.2-3.8+2.3-15.0———
Up moveDown movePending
AI summary
Bandhan Bank has concluded the sale of an identified NPA portfolio from its housing finance segment to Assets Care and Reconstruction Enterprise (ACRE). The portfolio had a principal outstanding of Rs 291.44 crore as of May 31, 2026, and was sold for Rs 119.49 crore (about 41 percent recovery) on an outright cash basis through the Swiss Challenge Method. The NPAs were over 180 days past due.
Likely market impact
Bank recovers 41 percent on Rs 291 Cr NPA sale, cleaning up its housing finance book and freeing up capital.