SBI website to furnish details of distressed assets under e-auction

sbiState Bank of India (SBI) will reportedly provide all legal and basic infrastructure related information of discussed assets for online auction.

According to reports, a special website containing all relevant details will be ready soon. The information would help bidders take an informed decision.

SBI has decided to separately auction commercial and retail properties under its hold.

The bank  received good response for its mega e-auction of distressed assets in March and June. Distressed residential properties witnessed positive response, however the bank failed to sell commercial properties in sizable numbers.

At both the online auctions the bank had sold around 280 properties.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.