No final bids from ARCs for IDBI's Stressed Assets Stabilisation Fund assets

IDBI Bank's Stressed Assets Stabilisation Fund (SASF) is facing hurdles in its bid to recover 11.59% from the sale of non-performing loans worth ₹6,151 crore. Despite initial interest from 18 asset reconstruction companies (ARCs), no confirmed bids were received in the final round. As a result, the reserve price for the auction has been slashed to ₹642 crore, and a new bidding process has commenced. The portfolio includes 239 cases, with a mix of secured and unsecured debts. SASF, originally set up to acquire distressed assets from IDBI Bank...