ImportantCompany Update
Axis Bank, Federal Bank, and Indian Overseas Bank are actively recovering outstanding dues through property actions.
Simmonds Marshall Ltd507998 · Filed with the exchange
Axis Bank is auctioning 18 properties with total reserved prices of approximately ₹2.74 Crore.
Federal Bank will auction two commercial properties with a combined reserved price of ₹1.36 Crore, against over ₹4.46 Crore in dues.
Indian Overseas Bank has taken possession of a residential flat to recover ₹0.34 Crore.
These steps highlight the banks' ongoing efforts to manage and recover non-performing assets, which is a key aspect for their financial health.
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