Union Bank of India attracts bids for 5 troubles accounts out of 25 put on sale

Union Bank of India received bids from asset reconstruction companies (ARCs) for five of its 25 non-performing asset (NPA) accounts, including Jaypee Healthcare, Saraiwwalaa AGRR Refiners, and RCM Infrastructure. Bids aim to recover 15% to 89% of outstanding loans. The bank will use a Swiss auction process to finalize sales.