To make recovery of about Rs 1,553 crore, state-owned Andhra Bank has invited bids from asset reconstruction companies (ARCs) to sell non-performing assets of more than 50 accounts.

Andhra Bank puts up Rs 1,553-cr NPAs for sale, would prefer cash bids

The remaining 11 NPA cases which are in the pipeline will easily bring to the table over Rs 1 lakh crore.

Finance ministry expects banks to get back over Rs 1 lakh crore with resolution of 12 major NPAs

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