State Bank Of India

State Bank of India (SBI) is planning to auction two non-performing asset (NPA) accounts next month to recover dues of over Rs 313 crore. The two accounts to be put up for e-auction on August 6 are Bhadreshwar Vidyut (BVPL) with a loan outstanding of Rs 262.73 crore and GOL Offshore with Rs 50.75 crore dues. 

In terms of the bank's policy on sale on financial assets, in line with the regulatory guidelines, the bank places these accounts for sale to ARCs/banks/NBFCs/FIs, on the terms and conditions indicated there against. The reserve price for the auction of Bhadreshwar Vidyut is set at Rs 100.12 crore and for GOL Offshore at Rs 51 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.