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PNB in talks with I-T, excise depts to sell erstwhile headquarters in Delhi

State-run Punjab National Bank (PNB) on Wednesday said it is in talks with a few government departments, including income tax and central excise, to sell its former headquarters situated at the Bhikaji Cama Place in New Delhi. Its managing director and chief executive officer, Sunil Mehta, today said the bank is receiving a huge demand for the property. The lender expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in the national capital, a bank official said. The bank has set a target to garner Rs 8,600 crore from monetisation of its non-crore assets during FY19.

Read More at Live News date : 9 Aug 2018, Thursday

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