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SBI Mega Property e-Auction Begins Today; What You Should Know Before Bidding FOLLOW US ON: State Bank of India (SBI) will be conducting an e-auction of properties on Wednesday. During the e-auction, both residential and commercial properties will be on sale. The bank does the auction for mortgaged properties of defaulters to recover the dues. Respective branches of SBI take out the advertisement in leading newspapers and on social media for this purpose. "Planning to buy a new property? We've got good news for you. Register for SBI Mega E-Auction," SBI tweeted on Tuesday. What you need to pa...