SBI invites bids to sell NPA account KSK Mahanadi Power with dues over ₹4,100 crore
The Hindu
The e-auction of KSK Mahanadi is scheduled to take place on December 31, 2021.
SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore.
"In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we place the account (KSK Mahanadi) for sale to ARCs/ Banks/ NBFCs/ FIs," SBI said in an auction notice.
The e-auction of KSK Mahanadi is scheduled to take place on December 31, 2021.
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