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India's Bank of Baroda to sell 15.51B rupees of bad loans

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India's Bank of Baroda to sell 15.51B rupees of bad loans

India's Bank of Baroda is seeking to sell 15.51 billion rupees worth of nonperforming loans.

The bank said Dec. 31, 2018, that the loans were made to Bhushan Power and Steel Ltd. The bank is seeking bids from asset reconstruction companies, banks, nonbanking financial companies and financial institutions for the nonperforming loans by Jan. 15.