Punjab & Sind Bank (BSE:533295) has taken the first steps to recover bad loans through a sale in secondary markets and joined other lenders like State Bank of India and Bank of India as it puts on the block loans of KSK Mahanadi Power Company Limited and KSK Water Infrastructures Private Limited. The lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of INR 1,100 million for KSK Mahanadi and INR 450 million for KSK Water Infrastructure, setting a reserve price of INR 600 million and INR 230 million, respectively, on an all-cash basis.