SBI To Float 4,774 Mortgaged Properties For E-Auction On December 30
The State Bank of India will start a virtual auction of 4,774 mortgaged properties on December 30. The mortgaged properties include 3,317 residential, 935 commercial, 513 industrial and nine agricultural properties. The SBI mega e-auction will provide buyers an opportunity to purchase properties at a lower price than that of the market rate. Banks auction mortgaged properties to recover dues from the loan defaulters.