State Bank of India (SBI) is planning to auction the account of Maharashtra-based Pioneer Gas and Power next month to recover loan dues of over Rs 180 crore from the company.
Pioneer Gas Power has a principal loan outstanding of Rs 180.76 crore to the SBI and the lender will hold an e-auction to sell the account to ARCs/financial institutions on August 5, 2022.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
