According to this sales notice, the best of the banks like State Bank of India would sell some of the appalling accounts to asset reconstruction companies or different financial institutions in the next few months to recover dues very much.
The best banks like the State Bank of India would try to sell every very bad account to asset reconstruction companies or different kinds of financial institutions in the next few months to recover their funds.
In every type of essential terms of the bank’s policy on other types of sale of financial assets, in line with regulatory guidelines, State Bank of India already said this had placed a little bit Heavy Metal and Tubes Ltd. The bank would recover their bad accounts; those accounts can be a gold loan or other types of the consumer also.
This kind of heavy Metal also has outstanding dues some of the cost like Rs 116.91 crore to this best of the bank, Khare and the Tarkunde owes Rs 99.84 crore and the Elize International Rs 18.57 crore. This bank has already set the reserve rate for these NPA accounts for sale at Rs 27.50 crore.
The State Bank of India already said the interested ARCs or banks or NBFCs or FIs can always conduct such types of diligence of these assets with very fast or immediate effect, after submitting every expression of interest and executing a non-disclosure agreement with this type of best bank.