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Bank of Baroda seeks bids for Rs 2,776 crore stressed loan portfolio including fraud accounts
Economy
Published on 15 May 2026
Nine declared fraud accounts are bundled in the sale
Bank of Baroda has invited bids for a ₹2,776 crore stressed loan portfolio comprising 41 accounts, with nine declared fraud cases included. The lender is selling the assets on a cash basis under “as is where is, without recourse,” transferring all credit, operational and legal risks to the buyer. The portfolio spans sectors like power, infrastructure, real estate, textiles, automobiles and media. Book dues are as of March 31, 2026, and BOB says asset transfer won’t affect ongoing CBI or police investigations. Bids will be processed via Swiss Challenge.
- BOB invited bids for a ₹2,776 crore portfolio of 41 stressed loans
- Nine of the 41 accounts are declared fraud, including Ushdev International and Nirmal Lifestyle
- Top exposure is Shirpur Power at ₹526.68 crore; top 10 accounts exceed ₹1,900 crore
- Sale is cash-only with assets transferred “as is where is, without recourse”
- Connected bidders to promoters or guarantors will be disqualified
- BOB will use the Swiss Challenge method with at least 5% bid mark-up
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times