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MoneyWorks4Me

State Bank of India to conduct e-auction of 11 bad loan accounts

22 Oct 2019 Evaluate

State Bank of India (SBI) is going to conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs.


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 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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