State Bank of India (SBI) has put on sale 12 non-performing loans to recover dues of over Rs 820 crore.

The bank has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions (FIs).

In various notices on its website, SBI has put up a total of 12 bad assets for sale during this month to April 13, news agency PTI reported.

Topworth Urja & Metals Ltd, with a loan outstanding of Rs 396.74 crore is to be sold in an e-auction to be held on March 29, 2022. With reserve price fixed at Rs 85 crore, SBI said the NPA (non-performing asset) account will be sold on a cash/cash-cum-SR ratio of 50:50.

"Bid with highest cash component shall be considered as successful bid," it said in a notice.

Another account, Balasore Alloys with dues of Rs 186.10 crore (reserve price Rs 178.22 crore) will also be e-auctioned on March 29, PTI reported.

"In case the bid is higher than the total dues as on date of assignment, plus outstanding non-fund based facilities, the bank reserves its right to retain such higher amount as a premium in its books and is not under any obligation to refund to any of the parties concerned including the borrower," SBI said.

On March 30, the bank will conduct e-auction of as many as six accounts with a total outstanding of Rs 112.05 crore.

These accounts are : Anupam Industries with outstanding of Rs 46.38 crore; Clutch Auto (Rs 26.14 crore); Kingston Paptech Pvt Ltd (Rs 17.15 crore); Sambhav EXIM (Rs 11.39 crore); Vraj Cotspin Pvt Ltd (Rs 8.06 crore) and Ghantakarna Enterprise (Rs 2.93 crore).

The loan dues on Anupam Industries is excluding BG (bank guarantee) outstanding of Rs 4.74 crore, SBI said.

The country's largest lender will auction the rest of four NPA accounts on April 13, with total dues of Rs 125.32 crore.

These NPA accounts are : Anamika Conductors having an outstanding of Rs 102.30 crore loan; Madhav Cotton Ginning & Pressing Factory (Rs 16.80 crore) ; Om Kailash Cotton (Rs 5.23 crore) and Ajanta Ellora Estates (Rs 0.99 crore).

"The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expressions of interest and executing a non-disclosure agreement with the bank," SBI said.