PNB expects Rs 3,800 crore recovery from Bhushan Power resolution

State-owned Punjab National Bank (PNB) is expecting to recover a substantial Rs 3,800 crore from Bhushan Power and Steel under debt resolution in NCLT, which will help it achieve the target of Rs 8,000 crore cash recoveries during this fiscal, its managing director and CEO S S Mallikarjuna Rao said. Besides, the lender also hopes to make good recover y of its exposure in crisis-hit DHFL, which is undergoing a resolution process currently.