New Delhi, March 20 -- The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits.
The country's largest lender carries out auctions of financial assets of those defaulters who have not paid their dues. From March 22-30, the bank, which has already put out a list of the assets, will auction these to asset reconstruction companies (ARCs), banks, non-banking financial companies (NBFCs) and FIs.
The accumulated value of assets on sale is Rs 6,169 crore and the actual realisation will happen depending on the reserve price and bids from the buyers.
The assets include Jain Infraprojects Ltd, Kamachi Industries Ltd, Parenteral Dru...