SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr


SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr

"In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we place the following accounts for sale to ARCs/banks/ NBFCs/FIs, on the terms and conditions indicated there against," SBI said in the sale notices for these assets.

“It is an ongoing discussion with the regulator. There have been some rumours that the license got rejected but there have been no official, unofficial, formal or informal indications from the regulator that they want to reject our license,” said Paytm CFO Madhur Deora.


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