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SBI NPA AUCTION
SBI lines-up 12 NPA accounts for sale to ARCs to recover dues of over Rs 820 crBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financ...
SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr"In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we place the following accounts for sal...
SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 croreWith fund based outstanding of Rs 3,815.04 crore and non-fund based outstanding of Rs 286.83 crore, company's total loan dues towards SBI s...
SBI invites bids from ARCs for two accounts for recovering Rs 409 croreAs per the bank's revised policy on sale of financial assets, in line with regulatory guidelines, SBI said it places these accounts for sal...
SBI to sell three NPA accounts next month for recovery of over Rs 235 croreIn terms of the bank's policy on sale of financial assets, in line with regulatory guidelines, SBI said it has placed Heavy Metal and Tubes...
SBI, Union Bank to sell NPAs of Rs 2,836 crore this monthWhile SBI has put on sale Rs 1,554.87 crore of three assets, state-run Union Bank of India has invited bids to sell 11 NPAs worth Rs 1,280....
SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 croreSBI said the financial assets were showcased on Oct 12 and the e-auction will take place on Nov 7. The auction for the accounts will be hel...
SBI to sell 3 bad loan accounts to recover Rs 2,111 crore duesThe accounts in question are Sona Alloys Pvt Ltd, MCL Global Steel Pvt Ltd and Jayaswal Neco Industries.
SBI puts up 11 NPA accounts for sale to recover Rs 1,019 croreSBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore.
SBI, PNB put 15 NPAs worth Rs 1,063 crore for sale"...we place these accounts for sale to asset reconstruction companies (ARCs)/banks/NBFCs/financial intuitions," said SBI, the country's la...
State Bank of India suspends car loans for Uber and OlaLender seizes 300 cars after payment defaults by drivers which reflect lower earnings by drivers amid a surge in cab numbers.
SBI to e-auction distressed properties every quarter nowThe maiden attempt by SBI, which has been fighting a long battle to contain bad loans, to dispose of distressed properties through an e-auc...
SBI to auction retail store Loot (India)’s propertySBI is set to auction the outlets of Loot (India) - the retail store that gained popularity few years ago for selling multi- branded appare...
SBI has exposure of Rs 4,130 crore in companies impacted by coal orderState Bank of India said it has exposure of about Rs 4,100 cr to companies that will be impacted by the Supreme Court order quashing 214 co...
- Year-end blues: Banks rush to sell bad loans
With the fiscal year coming to an end, several banks are looking to sell their bad loan portfolio to strengthen their balance sheets.
- Banks look to toss out bad loans, but pricing a liability
The bad loan market has become active in the last couple of years after the Reserve Bank of India permitted NPA trading among banks-the lat...
- Banks, FIs plan to whittle down bad loans
A number of banks and financial institutions (FIs) are planning to sell bad loans in the secondary market in a bid to reduce their ratio of...