The State Bank of India notified that it has lined up the sale of a dozen non-performing assets to recover loan dues of over Rs 820 crore. The bank has said that it has placed these NPA accounts for sale to asset reconstruction companies/banks/Non-Banking Financial Companies/Financial Institutions on the terms and conditions indicated there against.
State Bank of India has reflected on various notices on its website that it has put up a total of 12 bad assets for sale during this month to April 13. The bank will conduct e-auction of various NPA accounts including Topworth Urja & Metal Ltd with loan outstanding of Rs 396.74 crore, Balasor Alloys (Rs 186.10 crore), Anupam Industries (Rs 46.38 crore) , Clutch Auto (rs 26.14 crore), Kingston Paptech Pvt Ltd (Rs 17.15 crore), Sambhav EXIM (Rs 11.39 crore), Vraj Cotspin Pvt Ltd (Rs 8.06 crore), and Ghantakarna Enterprise (Rs 2.93).
The bank will auction four NPA accounts with total dues of Rs 125.32 crore. These included Anamika Conductors with outstanding loan of Rs 102.30 crore, Om Kailash Cotton (Rs 5.23 crore), Madhav Cotton Ginning & Ginning & Pressing Factory (Rs 16.80 crore), and Ajanta Ellora Estates (Rs 0.99 crore).
