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State Bank of India to sell 3 bad loans to recover Rs 2,110.71 crore

State Bank of India to sell 3 bad loans to recover Rs 2,110.71 crore

State Bank of India (SBI) is all set to sell three of its non-performing loan accounts to recover dues of Rs 2,110.71 crore. An e-auction will take place on December 13 for the sale of these three accounts — Sona Alloys, MCL Global Steel and Jayaswal Neco Industries.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.