Now Reading: RBI seeks bids for Kolkata property disposal
-
01
RBI seeks bids for Kolkata property disposal
The Reserve Bank of India has invited Expressions of Interest (EoIs) for the sale of its property at Abhilasha-I, 6, Royd Street, Kolkata. The move is part of the central bank's asset management exercise.
The EoI is open to public sector undertakings, regulatory bodies, and central or state governments or corporations. The last date for submission is 5 pm on November 25, 2026.
RBI has reserved the right to cancel the sale process at any time without assigning any reason.
Indian Opinion Analysis
The RBI is monetising a specific property in central Kolkata, limiting the buyer pool to state-owned and regulatory entities. This restricts the potential market but aligns with the bank's internal asset disposal norms. The notice gives interested parties about seven weeks to respond. The RBI retains the right to abort the process without explanation, which gives it full flexibility but offers no guarantee to bidders. No reserve price or valuation has been disclosed in the current notice.
Source: rbi.org.in
This brief was synthesised by AI from the source linked above. Methodology and corrections.
