ALPHA TRIBE

Tashi India LtdImportant, 08-09-2025: Company Update

08-09-2025 | 05:13 pm

Here are the summaries based on the provided document:

**ICICI Bank**

ICICI Bank has announced its Malthan Branch is relocating to a more convenient new address in Shirur, Pune District. This operational adjustment aims to enhance customer access and service delivery. Customers' existing account numbers and security items will remain unchanged, ensuring a seamless transition during the move.

**Home First Finance Company India Limited**

Home First Finance Company is initiating recovery procedures for multiple defaulting loan accounts. The company has taken possession of several mortgaged properties, including residential and commercial units across Nagpur and Wardha. These properties will be put up for sale to recover outstanding dues, which range from approximately 6.49 Lakh to 26.47 Lakh for the listed accounts. This action highlights the company's efforts in managing asset quality and recovering non-performing loans.

**AU Small Finance Bank Ltd**

AU Small Finance Bank is proceeding with e-auctions for two loan accounts that have defaulted on repayments. Properties to be auctioned include a residential unit in Nagpur with a reserve price of 14.69 Lakh, and a commercial plot in Chandrapur with a reserve price of 12.25 Lakh. These actions underscore the bank's proactive stance on recovering dues and maintaining asset quality by liquidating secured assets.

**Cholamandalam Investment and Finance Company Limited**

Cholamandalam Investment and Finance Company is taking action to recover dues from a defaulting loan account through an e-auction. The mortgaged property, approximately 43.82 sq. meters of land with construction in Tumsar, Bhandara District, has a reserve price of 18.75 Lakh. This move highlights the company's continuous efforts to address non-performing assets and strengthen its financial position.

**Authum Investment & Infrastructure Ltd**

Authum Investment & Infrastructure is taking possession of immovable properties to recover dues from two defaulting loan accounts. These properties include a residential portion and commercial shops located in Amravati. The outstanding amounts for these accounts are approximately 29.50 Lakh and 4.54 Crore, respectively. This action demonstrates the company's commitment to active asset recovery and managing its loan portfolio effectively.

**Punjab National Bank (PNB)**

Punjab National Bank (PNB) has issued a corrigendum to correct previously published reserve prices for properties from M/s Sindh Garments and others. For a residential apartment, the correct reserve price is now 32.53 Lakh, significantly lower than the initially stated 1.32 Crore. Similarly, a commercial shop's correct reserve price is 25.35 Lakh, revised from 1.25 Crore. This adjustment ensures accuracy in upcoming property auctions.

No comments yet. Be the first to comment!

All announcements from Tashi India Ltd