Bank of Baroda Invites Bids from ARCs and NBFCs for ₹2,776 Crore NPA Sale

Bank of Baroda has invited bids for the sale of stressed loan accounts worth ₹2,776 crore, according to news reports. 

The portfolio consists of 41 non-performing accounts from sectors including infrastructure, power, real estate, textiles, automobiles, and media. The dues have been calculated as of March 31, 2026. 

The bank has approached asset reconstruction companies (ARCs) and non-banking financial companies (NBFCs) for the transaction.  

The assets are being offered on a cash-only basis under an “as is where is” and “without recourse” structure, under which the buyer assumes all legal, operational and recovery-related risks after the transfer. 

Top Accounts Account for Majority of Portfolio 

The largest exposure in the portfolio is Shirpur Power, with outstanding dues of ₹526.68 crore. Ushdev International follows with dues of ₹280.28 crore.  

Other large accounts include Pixion Media at ₹154.68 crore, Abhijeet Projects at ₹150.18 crore and Nirmal Lifestyle at ₹145.77 crore. 

The top 10 accounts together contribute more than ₹1,900 crore to the total portfolio value. These also include SE TransStadia, Seya Industries, Pearl Vision, Ranchi Expressways and Century Communication. 

2 groups of borrowers have been combined as pool accounts for evaluation purposes. One pool includes the Ishwar Oil group, while another includes textile firms Swift Fabrics, Uttam Finetex and Nangalia Fabrics. 

Fraud-Tagged Accounts Included in Sale 

9 accounts in the portfolio have been classified as fraud by the bank. These include Ushdev International, Torque Automotive, Pearl Vision, Century Communication, Shri Lal Mahal and SRS Modern Sales. 

Bank of Baroda said the proposed transfer of these accounts would not affect investigations or proceedings being carried out by agencies such as the Central Bureau of Investigation, police authorities or other enforcement agencies.  

The lender has also restricted participation from bidders linked to promoters or guarantors of the accounts being sold. 

Swiss Challenge Method to Determine Final Bid 

The sale process will follow the Swiss Challenge method. Under this process, the highest initial bid becomes the base offer, following which competing bidders must submit bids that are at least 5% higher to remain eligible during the auction process. 

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Bank of Baroda Share Price Performance  

As of May 15, 2026, 1:15 pm, Bank of Baroda share price was trading at ₹265.20, down 0.97% from the previous closing price. 

Conclusion  

The ₹2,776 crore portfolio includes accounts from multiple sectors, with several already classified as fraud. The transaction will be completed on a cash basis subject to the bidding process. 

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