India's Bandhan Bank on Thursday said that it will sell its stressed home loan portfolio to an asset reconstruction company. The bank has approved the transfer of 7.76 billion rupees ($93.23 million) in home loans, which were overdue by more than 180 days to an asset reconstruction company (ARCs), it said in a release to exchanges. Bandhan Bank had a gross non-performing assets ratio of 7.32% at the end of the September 2023 quarter.
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