State Bank of India (NSEI:SBIN) (SBI) and Oriental Bank of Commerce (BSE:500315) (OBC) have put on sale various financial accounts to recover dues. SBI has invited bids from asset reconstruction companies and financial institutions to recover an outstanding of INR 49.75 billion. The bulk of accounts up for sale by SBI are of small and medium enterprises that have dues amounting to INR 46.67 billion.

"In terms of the bank's policy on the sale of financial assets, in line with the regulatory guidelines, we place these accounts for sale to banks/ARCs/NBFCs/FIs," SBI said in an auction notice. OBC said it proposes to sell its stressed financial assets comprising 13 accounts with a principal balance of INR 7.6444 billion.