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State Bank of India to auction Rs 700 crore NPAs this month

The e-auction will take place of Sankalp Engineering & Pvt. Ltd. and Anjanay Rice Mill Pvt. Ltd. among others

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Picture/Twitter IANS

Picture/Twitter IANS

State Bank of India will auction NPAs worth Rs 700 crore this month to recover its dues from those borrowers. There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI's auction plan.

Ludhiana-based Regency Aqua Electro & Hotel Resorts Pvt. Ltd. and Kolkata-based Lovely International Pvt. Ltd. will be auctioned on November 18 while on November 29, the e-auction will take place of Sankalp Engineering & Pvt. Ltd. and Anjanay Rice Mill Pvt. Ltd. among others.

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