 "SBI, State Bank Of India")
State Bank of India (SBI) is offloading stressed loan exposure of ₹1,556 crore of Regen Power Private Ltd (RPPL) — a South-based wind turbine generator maker — to clean up its balance sheet.
The principal outstanding for this account was around ₹580 crore at the end of March 2025.
The country’s largest lender is using the Swiss auction route for price discovery, based on an existing offer in hand, according to a notice put up on its website.
Swiss auction is a process where the auctioneer, which already has a bid in hand, calls for counter bids for price discovery.
