SBI to offload three NPA accounts next month for recovery of over Rs 235 crore
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, as per a sales notice
PTI | May 16, 2021 | Updated 17:18 IST
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
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.
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.
SBI to sell three NPA accounts next month for recovery of over Rs 235 crore
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SBI to sell three NPA accounts next month for recovery of over Rs 235 crore
PTI / May 16, 2021, 12:32 IST
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NEW DELHI: 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.
APL Apollo Tubes Ltd is quoting at Rs 1216.7, down 2.6% on the day as on 13:19 IST on the NSE. The stock jumped 101.53% in last one year as compared to a 60.44% rally in NIFTY and a 194.98% spurt in the Nifty Metal index.
APL Apollo Tubes Ltd is down for a fifth straight session today. The stock is quoting at Rs 1216.7, down 2.6% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.26% on the day, quoting at 14658.75. The Sensex is at 48666.45, down 0.05%.APL Apollo Tubes Ltd has lost around 0.71% in last one month.Meanwhile, Nifty Metal index of which APL Apollo Tubes Ltd is a constituent, has increased around 16.89% in last one month and is currently quoting at 5290.45, down 2.84% on the day. The volume in the stock stood at 4.64 lakh shares today, compared to the daily average of 2.45 lakh shares in last one month.
Apollo Pipes Ltd reports PAT of Rs 16 63 crore in Q4FY21 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.