State Bank Of India

State Bank of India (SBI) has put up for sale two financial assets to asset reconstruction companies, NBFCs and other financial institutions to recover dues of more than Rs 309 crore.

In terms of bank's policy for sale of financial assets, the bank is placing Rajashree Sugars and Chemicals and Shree Vaishnavi Ispat for sale to banks/ARCs/NBFCs/FIs. Rajashree Sugars and Chemicals have an outstanding of Rs 226.94 crore, while Shree Vaishnavi of Rs 82.52 crore. The e-auction of Rajashree will take place on July 22, while that of Shree Vaishnavi on July 29.

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.