Comments
According to Bhaskar Sen, Chairman and Managing Director, United Bank of India, as on June 30, 2012, had gross NPAs (non-performing assets) of close to Rs 2,200 crore. By engaging ASREC as recovery agent, the bank is hopeful of bringing down its gross NPAs by around 10 per cent. “We have been taking adequate measures to curtail our NPAs by organising recovery camps and through Lok Adalat. The tie-up with ASREC will supplement our in-house recovery mechanism. We have already assigned them a good number of NPA accounts,” Bhaskar Sen said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.