Syndicate Bank explored new way to clear its dues

Syndicate Bank explored the new way to clear its dues Syndicate Bank have explored new ways to clear the dues from the buyers of their land assets, which were sold by GVK Power and Infrastructure.

Senior Syndicate officer said, "We are now weighing certain options for recovery of our dues, which include finding ways to reach out to the prospective buyers who could participate in the next round of auction."

He further added, “We are currently ascertaining reasons for not receiving the response from prospective buyers for our latest auction of GVK's assets."

Spokesperson hinted that they have thought of some solutions to solve the issues.

 

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