PSU banks' stressed asset sales falter on legal risks, valuation gaps
· livemint.com
PSBs conducted 2,72,208 stressed-asset auctions through the Bank Asset Auction Network (Baanknet) platform between 1 July 2024 and April 30, 2026. However, only 26,493 auctions drew bids, implying that over 90% of auction listings failed to receive any bid.
"The low success rate in bank-led stressed asset auctions is primarily due to limited investor appetite for distressed assets, legal and title-related uncertain...