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SBI, IFCI, United Bank scout for buyers to clear off Rs16,349 crore NPA

SBI has asked the bidders to submit expression of interest by 9 March 2018 and further to complete the due diligence by 22 March. Photo: Indranil Bhoumik/Mint New Delhi: State-owned State Bank of India (SBI), United Bank of India (UBI) and long-term infrastructure lender IFCI are looking for buyers to sell as many as 110 accounts that have turned dud to recover dues over Rs16,349 crore. All the three have invited bids today from eligible banks, financial institutions, asset reconstruction companies (ARCs) and non-banking financial companies (NBFCs) to prune such non-performing…

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Idea to Give 60GB Complimentary Data to Sony Xperia R1, Xperia R1 Plus Buyers

HIGHLIGHTS Customers will get 10GB free data on recharge of Rs. 300 or more This offer can be availed on six recharges Sony Xperia R1 and R1 Plus hit the market on November 10 Idea has announced a partnership with Sony Mobiles India under which the operator will offer 60GB of extra data to buyers of the Xperia R1 and Xperia R1 Plus smartphones. The Sony smartphones are affordable offerings and unveiled in India in late October; they will become available for purchase in India starting November 10. Buyers of Sony Xperia R1 and R1 Plus will…

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