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BreakingTrader Losses Mount Under New Closing Auction System; SEBI Holds Firm Amid Debate1/5
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Prudent Arc

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PNB Recovers ₹193 Crore as Prudent ARC Wins Bid for Aban Offshore Debt
Banking

PNB Recovers ₹193 Crore as Prudent ARC Wins Bid for Aban Offshore Debt

Punjab National Bank has successfully offloaded ₹1,080 crore of stressed debt from Aban Offshore to Prudent ARC. The deal provides the bank with a higher recovery than what the promoters had originally offered, strengthening PNB's balance sheet.

50d ago·1 min readListen
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