Indian Bank (IB) launched a two-day Asset Fair at its Zonal Office in Tirupati, which was inaugurated by Pranesh Kumar, the Field General Manager (FGM) of Hyderabad. The event aims to offer residential houses, commercial complexes, and plots that are currently under Non-Performing Assets (NPAs) through a transparent auction process at affordable prices. This initiative allows potential buyers to purchase these assets at competitive rates, providing an opportunity for individuals and businesses to acquire properties at a lower cost.
The Asset Fair is part of Indian Bank’s efforts to recover its NPAs and provide a platform for buyers to purchase properties through a fair and transparent process. The bank has put up a range of properties for auction, including residential houses, commercial complexes, and plots, which are expected to attract significant interest from potential buyers.
In addition to the Asset Fair, Indian Bank also organized a sapling plantation program at SGS Arts College in Tirupati as part of the ‘Swachhata Hi Seva – 2025’ initiative. The program aims to promote environmental protection and sustainability, and was attended by Indian Bank officials, college faculty, and students. Pranesh Kumar planted saplings, emphasizing the importance of preserving the environment and promoting greenery.
The Zonal Manager of Indian Bank, M Selvaraj, highlighted the significance of environmental protection and the need for collective efforts to preserve the natural surroundings. The sapling plantation program was attended by a large number of participants, who showed their commitment to the cause of environmental conservation.
The two-day Asset Fair and the sapling plantation program demonstrate Indian Bank’s commitment to not only recovering its NPAs but also contributing to the betterment of the community and the environment. The bank’s initiatives are expected to have a positive impact on the local economy and the environment, and are seen as a step in the right direction towards promoting sustainability and transparency. Overall, the events organized by Indian Bank in Tirupati are a testament to the bank’s efforts to make a positive difference in the community.