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State Bank of India to sell assets worth over Rs 1,471 crore: Report

State Bank of India (SBI), country’s largest public sector lender has reportedly put up assets worth over Rs 1,471 crore for sale to asset reconstruction companies (ARCs). The largest among the loan accounts on sale is Adhunik Power & Natural Resources, where the bank is looking to sell loans worth Rs 807 crore and equity worth close to Rs 200 crore.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

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