Sbi Bad Loans
RBI slaps Rs 7 cr fine on SBI for flouting norms on identifying bad loans
The penalty, RBI said, is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers
 "RBI slaps Rs 7 cr fine on SBI for flouting norms on identifying bad loans")
SBI to auction 12 NPA accounts on June 25 to recover dues of over Rs 13 bn
The country's largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore. The e-auction of these accounts will take place on June 25, according to an SBI notice. The NPA accounts that have been put under the hammer include Ankit Metal & Power Ltd (Rs 690.08 crore), Modern Steels Ltd (Rs 122.61 crore), Good Health Agrotech Pvt Ltd (Rs 109.14 crore), Amit Cottons Pvt Ltd (Rs 84.70 crore), and Ind-Swift Ltd (Rs 80.49 crore). The remaining are Nikhil Refineries (Rs 52.85 crore), Bhaskar Shrachi Alloys (Rs 51.48 crore), Sri Ganesh Sponge Iron Pvt Ltd (Rs 38.96 crore), Asmita Papers (Rs 37.23 crore), Forel Labs (Rs 22.86 crore), Karthik Agro Industries (Rs 20.82 crore) and Abhinandan Interexim (Rs 14.15 crore). State Bank of India (SBI) said interested bidders can conduct due diligence of these assets with immediate effect after submitting the expression of interest and executing a non-disclosure agreement with ..
 "SBI to auction 12 NPA accounts on June 25 to recover dues of over Rs 13 bn")
Worst-hit among PSBs, SBI wrote off Rs 203 bn in bad loans in FY17
In the current financial year, PSBs have written off loans worth Rs 536.25 billion in the six months to September
