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SBI to sell 3 bad loan accounts to recover Rs 2,111 crore dues

Sunday, December 2, 2018, 7:51 PM

India's largest lender SBI has put up for sale 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 Pvt Ltd, MCL Global Steel Pvt Ltd and Jayaswal Neco Industries. Net NPAs stood at 4.84 per cent of net advances, up from 4.53 per cent.
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Raghuram Rajan says RBI is a seat belt for government

Tuesday, November 6, 2018, 9:09 PM

Amid mounting tension between the RBI and the finance ministry, former RBI governor Raghuram Rajan on Tuesday said the central bank was like a seat belt in a car, without which accidents could happen. Pitching for respecting the institutional autonomy of the RBI, he said the central bank had the liberty to say no if the government pushed it to be lenient.
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SBI puts up 11 NPA accounts for sale to recover Rs 1,019 crore

Sunday, November 4, 2018, 7:22 PM

SBI has put up 11 non-performing assets (NPAs) for sale to ARCs and financial companies to recover dues of nearly Rs 1,019 crore. "In terms of the bank's policy on sale of financial assets in line with the regulatory guidelines, we place these accounts for sale to ARCs/ Banks/ NBFCs/ FIs," SBI said in an auction notice on its website.

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