State Bank Of India

State Bank of India (SBI) is planning to conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism. In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, it place these accounts for sale to ARCs/banks/NBFCs /FIs, on the terms and conditions indicated there against. The total outstanding against these companies is Rs 506.22 crore.

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.