Car Bank Auction Physical Possession

2022 BMW M340i xDrive for Auction in Mangaluru

Mangaluru, Mangaluru, Karnataka · Auction ID #97705

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Car for auction in Mangaluru, Mangaluru – SBI – photo 1
Car for auction in Mangaluru, Mangaluru – SBI – photo 2
Car for auction in Mangaluru, Mangaluru – SBI – photo 3
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Reserve Price ₹50,00,000 17.4% lower than previous auction (₹60.5 L)
EMD (Earnest Money)₹5,00,000
Bid Increment—
Auction Date 12 Nov 2026, 11:00 AM Tomorrow
EMD Last Date 12 Nov 2026, 10:00 AM Tomorrow
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Property Details

Property type
Car (Vehicles)
Locality
Mangaluru
Pincode
575002

Description (as per sale notice)

2022 BMW M340i xDrive (Petrol)
Type: Car · Body: Sedan · Colour: Blue
Odometer: 60000 km
Registration: KA******20 (partly masked by the bank)
Parked at: MATHASHREE ASSOCIATES, KANKANADY, MANGALORE
Loan type: AUTO (Car and other Vehicle Loans)
BAANKNET Asset ID: SBIN90785263002
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Bank & Auction Details

Bank / Lender
State Bank of India
Branch
—
Auction type
Bank Auction
Borrower
—
Auction start
12 Nov 2026, 11:00 AM
Auction end
12 Nov 2026, 04:00 PM
EMD submission deadline
12 Nov 2026, 10:00 AM
Inspection
—
Authorised officer
GOVIND L BALLAL
Officer contact
9449086490
E-auction portal
BAANKNET (Asset ID SBIN90785263002)
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Previous Auctions of This Property

Auction dateReserve price
12 Nov 2026₹50,00,000This auction
30 Oct 2026₹60,50,000View

How to Participate in This Auction

  1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
  2. Register on the e-auction portal (BAANKNET (Asset ID SBIN90785263002)), complete KYC and get a digital signature certificate if required.
  3. Pay the EMD of ₹5,00,000 before 12 Nov 2026, 10:00 AM. It is refunded if you don't win.
  4. Bid online on 12 Nov 2026 starting above the reserve price.
  5. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with State Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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