SBI to sell three NPA accounts next month for recovery of over Rs 235 cr
SBI to sell three NPA accounts next month for recovery of over Rs 235 cr
SBI to sell three NPA accounts next month for recovery of over Rs 235 cr
The State Bank of India (SBI) will sell three bad accounts to asset reconstruction companies or other financial institutions next month to recover dues of over Rs 235 crore, according to a sales notice.
In terms of the bank’s policy on sale of financial assets, in line with regulatory guidelines, SBI said it has placed Heavy Metal and Tubes Ltd, Khare and Tarkunde Infrastructure Pvt Ltd and Elize International Ltd for sale to recover a total of Rs 235.32 crore.