SBI to auction Rs 700 crore NPAs this month
State Bank of India will auction NPAs worth Rs 700 crore this month to recover its dues from those borrowers. There will be three auctions in the month and the total amount outstanding is Rs 700.34 crore, according to SBI`s auction plan.
In the latest Q2 results, SBI`s Fresh slippages halved to Rs 8,800 crore from Rs 16,000 crore on a quarterly basis.