IDBI Bank Limited (NSEI:IDBI) has come out with a portfolio of micro, small and medium enterprises (MSME) loans for sale. It has put INR 2,800 million of MSME loans up for sale and received interest from seven asset reconstruction companies, including Ambit Flowers Asset Reconstruction Co. Private Limited (JC Flowers ARC), Asset Reconstruction Company (India) Limited (ARCIL), Omkara Assets Reconstruction Private Limited and Assets Care & Reconstruction Enterprise Ltd. (ACRE).
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- IDBI Bank Looks to Sell INR 2,800 Million MSME Loans