Live
- Chanchalguda Jail Officials Say They Haven't Received Bail Papers Yet, Allu Arjun May Stay in Jail Tonight
- BJP leaders present evidence of illegal voters in Delhi, urge EC for swift action
- Exams will not be cancelled: BPSC chairman
- Nagesh Trophy: Karnataka, T.N win in Group A; Bihar, Rajasthan triumph in Group B
- YS Jagan condemns the arrest of Allu Arjun
- Economic and digital corridors to maritime connectivity, India and Italy building vision for future, says Italian Ambassador
- SMAT 2024: Patidar's heroics guide Madhya Pradesh to final after 13 years
- CCPA issues notices to 17 entities for violating direct selling rules
- Mamata expresses satisfaction over speedy conviction in minor girl rape-murder case
- Transparent Survey Process for Indiramma Housing Scheme Directed by District Collector
SBI conducts auctions
There was very good response from the public and 150 people have participated in the auction. The auction was conducted in the administrative office premises and the auction was conducted in a fair and transparent manner in the presence of the senior officials of the Bank and general public.
Visakhapatnam: The largest Bank in the retail sector State Bank of India is also in the lead in taking stern action against NPA Borrowers. Cars are being seized and put to auction. In such an exercise, State Bank of India, Retail Assets Credit Processing Cell has conducted auction sale here on Wednesday in which 7 cars seized from defaulting borrowers had been auctioned after giving vide publicity for the auction sale.
There was very good response from the public and 150 people have participated in the auction. The auction was conducted in the administrative office premises and the auction was conducted in a fair and transparent manner in the presence of the senior officials of the Bank and general public.
DGM of the Bank Ajoy Kumar Pandit said that they are aggressive in car financing and also aggressive in taking stem recovery measures against defaulting Borrowers. AGM Ch.Narayana Rao, Cheif Managers K.V.Krishnayya, D.Madhubabu, Officers Prasangi, Veerabhadra Rao conducted the auction.
