Canara Bank will receive commercial bids for their stake in Can Fin Homes today. In an interview to CNBC-TV18, PV Bharathi, Executive Director of Canara Bank spoke at length about the bid.
Bharathi said we are expecting 6-7 parties to bid for Can Fin Homes.
She further said that we have put the entire stake in Can Fin Homes on the block.
Talking about LoU ban, she said we don't see much impact on bank due to ban on Letters of Undertaking.
On NPA resolution circular, she said we are expecting accounts worth Rs 3,000 crore to be resolved.For entire interview, watch accompanying video.