Private sector lender IndusInd Bank has put on block over 10 lakh microfinance loans with principal outstanding of ₹1,573 crore, according to an auction notice.

The reserve price for the loans has been set at ₹85 crore and interested buyers must file an earnest money deposit of 5 per cent of the reserve price.

“Interested Parties who would like to participate in the auction are requested to intimate their willingness to participate by submitting, in writing, their Expression of Interest (EOI)…latest by 11 AM December 30, 2024…,” the notice said.