SBI, OBC put stressed ac­counts on sale

Hindustan Times ST (Jaipur) - - Front Page -

NEW DELHI: State-owned State Bank of In­dia (SBI) and Ori­en­tal Bank of Com­merce (OBC) have put on sale var­i­ous fi­nan­cial ac­counts to re­cover dues of around ₹5,740 crore. SBI has in­vited bids from as­set re­con­struc­tion com­pa­nies (ARCS) and fi­nan­cial in­sti­tu­tions (FIS) to re­cover an out­stand­ing amount of ₹4,975 crore. The bulk of ac­counts up for sale are of small and medium en­ter­prises.

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