<p>Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications.</p>.<p>In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions (FIs), on the terms and conditions indicated there against.</p>.<p>In various notices on its website, State Bank of India (SBI) has put up a total of 12 bad assets for sale during this month to April 13.</p>.<p>NPA account Topworth Urja & Metals Ltd, with a loan outstanding of Rs 396.74 crore is to be sold in an e-auction to be held on March 29, 2022. With reserve price fixed at Rs 85 crore, SBI said the NPA account will be sold on a cash/cash-cum-SR ratio of 50:50.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/india-to-provide-rs-7592-crore-credit-line-to-sri-lanka-for-procurement-of-food-other-essentials-1092243.html" target="_blank">India to provide Rs 7,592 crore credit line to Sri Lanka for procurement of food, other essentials</a></strong></p>.<p>"Bid with highest cash component shall be considered as successful bid," it said in a notice.</p>.<p>Another account, Balasore Alloys with dues of Rs 186.10 crore (reserve price Rs 178.22 crore) will also be e-auctioned on March 29.</p>.<p>"In case the bid is higher than the total dues as on date of assignment, plus outstanding non-fund based facilities, the bank reserves its right to retain such higher amount as a premium in its books and is not under any obligation to refund to any of the parties concerned including the borrower," it added on Balasore Alloys.</p>.<p>On March 30, the bank will conduct e-auction of as many as six accounts with a total outstanding of Rs 112.05 crore.</p>.<p>These accounts are : Anupam Industries with outstanding of 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 crore).</p>.<p>The loan dues on Anupam Industries is excluding BG (bank guarantee) outstanding of Rs 4.74 crore, SBI said.</p>.<p>The country's largest lender will auction the rest of four NPA accounts on April 13, with total dues of Rs 125.32 crore.</p>.<p>These NPA accounts are : Anamika Conductors having an outstanding of Rs 102.30 crore loan; Madhav Cotton Ginning & Pressing Factory (Rs 16.80 crore) ; Om Kailash Cotton (Rs 5.23 crore) and Ajanta Ellora Estates (Rs 0.99 crore).</p>.<p>"The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expressions of interest and executing a non-disclosure agreement with the bank," SBI said. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications.</p>.<p>In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions (FIs), on the terms and conditions indicated there against.</p>.<p>In various notices on its website, State Bank of India (SBI) has put up a total of 12 bad assets for sale during this month to April 13.</p>.<p>NPA account Topworth Urja & Metals Ltd, with a loan outstanding of Rs 396.74 crore is to be sold in an e-auction to be held on March 29, 2022. With reserve price fixed at Rs 85 crore, SBI said the NPA account will be sold on a cash/cash-cum-SR ratio of 50:50.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/india-to-provide-rs-7592-crore-credit-line-to-sri-lanka-for-procurement-of-food-other-essentials-1092243.html" target="_blank">India to provide Rs 7,592 crore credit line to Sri Lanka for procurement of food, other essentials</a></strong></p>.<p>"Bid with highest cash component shall be considered as successful bid," it said in a notice.</p>.<p>Another account, Balasore Alloys with dues of Rs 186.10 crore (reserve price Rs 178.22 crore) will also be e-auctioned on March 29.</p>.<p>"In case the bid is higher than the total dues as on date of assignment, plus outstanding non-fund based facilities, the bank reserves its right to retain such higher amount as a premium in its books and is not under any obligation to refund to any of the parties concerned including the borrower," it added on Balasore Alloys.</p>.<p>On March 30, the bank will conduct e-auction of as many as six accounts with a total outstanding of Rs 112.05 crore.</p>.<p>These accounts are : Anupam Industries with outstanding of 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 crore).</p>.<p>The loan dues on Anupam Industries is excluding BG (bank guarantee) outstanding of Rs 4.74 crore, SBI said.</p>.<p>The country's largest lender will auction the rest of four NPA accounts on April 13, with total dues of Rs 125.32 crore.</p>.<p>These NPA accounts are : Anamika Conductors having an outstanding of Rs 102.30 crore loan; Madhav Cotton Ginning & Pressing Factory (Rs 16.80 crore) ; Om Kailash Cotton (Rs 5.23 crore) and Ajanta Ellora Estates (Rs 0.99 crore).</p>.<p>"The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expressions of interest and executing a non-disclosure agreement with the bank," SBI said. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>