SBI To Auction Rs 2,338 crore Of NPAs On March 26



State Bank of India has put on sale six non-performing accounts worth Rs 2,337.88 crore, which will be auctioned on March 26. The bank is looking to sell all the accounts on a 100 percent cash basis to banks, ARCs, NBFCs and other financial institutions, according to the auction notice on the lender’s website.

The accounts are Indian Steel Corporation (outstanding debt Rs 928.88 crore), Jai Balaji IndustriesNSE 4.96 % (Rs 859.33 crore), Kohinoor Planet Construction (Rs 207.77 crore), Mittal Corp (Rs 116.34 crore), MCL Global Steel (Rs 100.18 crore), Shree Vaishnav Ispat (Rs 82.52 crore) and Gati Infrastructure (Rs 42.86 crore).


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