The Free Press Journal

IDBI Bank seeks bids for Sunrise Pictures, VVF NPA accounts

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IDBI Bank has sought bids from banks, asset reconstruc­tion companies, non-banking finance companies, and other eligible financial institutio­ns for selling non-per forming loan accounts of Sunrise Pictures Pvt Ltd and VVF (India) Ltd, the lender said in a notice posted on its website. Sunrise Pictures has an outstandin­g loan of 78.30 mln rupees, and VVF (India) has an outstandin­g loan of 1.50 bln rupees.

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