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SBI initiates process to sell NPAs worth Rs 1,580 crore to financial institutions: Report

16 Nov 2017 Evaluate

State Bank of India (SBI) has reportedly started the process of selling non-performing assets (NPAs) worth Rs 1,580 crore to financial institutions. The 11 NPAs have been put up for sale through a bidding process. The Bank has managed to sell bad loans worth Rs 763 crore to asset reconstruction companies (ARCs) in the last two quarters of this financial year.

State Bank of India (SBI) is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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