Once the deal is finalised, the assignment deed and other legal formalities will be completed in the shortest possible time as mutually agreed upon, SBI added.
Earlier on November 22, SBI held e-auction of 11 NPA accounts that had outstanding dues of Rs 10.19 billion towards the bank.
The gross non-performing assets (NPA) of the bank rose to 9.95 per cent of the gross advances as on September 30, 2018, from 9.83 per cent a year ago.
Net NPAs stood at 4.84 per cent of the net advances, down from 4.53 per cent.
The bank had posted a 69 per cent decline in consolidated net profit to Rs 5.7646 billion for the second quarter of this fiscal.
It had logged a net profit of Rs 18.4043 billion in the corresponding July-September quarter of 2017-18.
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