SBI line up for auction of NPAs ₹746 cr in October-November | Catch My Job


The State Bank of India (SBI) has sorted the number of non-performing assets available for sale this month and next to recover. 746 crore

Sintex BAPL’s outstanding accounts 197.74 crore, Surat Hazira NH6 Tollway Pvt Ltd from the disclosure of 335.54 Rs. Rupees and Shreebhav Polyweaves Pvt Ltd ( 20.20 crores) will be included in the NPA auction.

SBI to auction NPA for asset recovery company (ARC)/financial institutions (FIs), banks or non-bank financial companies (NBFC). The auction is scheduled for November 4.

SBI has said that for Sintex BAPL, only ARC is eligible for electronic auctions because it is a fraudulent account.

bank guarantee of 6.10 crore included in the outstanding Rs. 197.74 crore The Company’s business is the manufacture of injection molded plastic parts for the automotive industry.

SBI said that these asset offerings should not be funded and supported by sponsors/companies/guarantors. or any related person

At the end of this month on October 31 there will be an electronic auction of 3 accounts VVF India Ltd with outstanding loan balance of 154.37 crore; Ashok Magnetics Ltd (formerly AML Steels) 23.82 Rs. Rupees and Agarwalas Polytrade ( 15.03 crore)

“SBI reserves the right not to continue the proposed transaction or amend any terms and conditions at any stage without giving any reason,” the lender said in the auction documents.

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