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SBI to auction Pioneer Gas account to recover loan dues of over Rs 180 crore

09 Jul 2022 Evaluate

State Bank of India (SBI) is planning to auction the account of Maharashtra-based Pioneer Gas and Power next month to recover loan dues of over Rs 180 crore from the company. Pioneer Gas Power has a principal loan outstanding of Rs 180.76 crore to the SBI and the lender will hold an e-auction to sell the account to ARCs/financial institutions on August 5, 2022.

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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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