NEWS & ADVICE : CAR LOANS
Public Auction of cars of SBI car loan defaulters
By Admin
Aug 21, 2014
Print    Email    RSS   

Due to the increasing Car loans defaults the leading bank of the country – State bank of India has decided to organize auction of cars seized from loan defaulters.

Bank has reported that car loan NPA has went up to 1%, the bank wants to bring it down to 0.25%. Every Monday and Tuesday the bank will conduct the auction near Patny centre in Secunderabad. Further the bank will issue advertisement detailing the public auction notice in the newspaper every Friday. It has been also reported that bank is planning to seize 500 cars in the coming few weeks.

As per the bank’s laid down procedure the bank is seizing the cars from the defaulters. The bank had conducted public auction of 21 such car between 17th to 21st August.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How good are floating rate car loans?
Effect of employment on loan eligibility...
Manage your loans, avoid recovery agents
Bank loans that could glitter for you
Your dream car - with good Car Loans from...


Required car loan statement my account number...
i want to know my car loan status for SBI A/C No....
Want to check my balance of car loan with SBI
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...
how to got car loan statement from hdfc bank
i want to check my sbi car loan balance

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive