SBI to e-auction distressed properties every quarter

sbiState Bank of India has decided to separately auction commercial and retail properties under its hold from next month.

The first e-action will be held in mid-June. It has been decided to hold such e-auctions in the middle of the last month of every quarter.

We have decided to hold e-auction of distressed properties every quarter. It would be held sepatately for retail and commercial properties,” SBI chairperson Arundhati Bhattacharya said.

The details are being worked out for this purpose, she added.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Elets FSI Virtual Conclave and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.