New Delhi: State-run State Bank of India (SBI) said on Tuesday that it has put non-performing assets (NPAs or bad loans) worth ₹423.67 crore on auction to recover unpaid dues. The accounts -- Kamachi Industries owes ₹364.80 crore and SNS Starch has ₹58.87 crore due - to SBI, the bank said. SBI, the country's largest lender, has been active as well on NPA recovery channels outside the insolvency process . The percentage of its net NPAs eased to 3.95 per cent in the third quarter of the last fiscal, from 4.84 per cent in the previous quarter. Last month, the bank had put NPAs worth ₹6,169 crore on auction.

Source: Mint April 09, 2019 08:26 UTC