PNB Debt

The lenders to the group include big names like the State Bank of India, Bank of Baroda, the Punjab National Bank, Axis Bank, and IndusInd Bank

The reserve price for the six non-performing assets (NPAs) has been fixed at Rs 342 crore

State-run banks may not get capital based on their performance and reform measures

On its part, the government will infuse Rs 2.11 trillion into cash strapped banks to rescue them