Policy on Collection of Dues and Repossession of Security
1.Introduction

2. General Guidelines :

All the members of the staff or any person authorized to represent our bank in collection or/and security repossession would follow the guidelines set out below:

Borrower’s requests to avoid calls at a particular time or at a particular place would be honored as far as possible.


3. Giving notice to borrowers

4. Repossession of Securitys

5. Valuation and Sale of Property

6. Opportunity for the borrower to take back the security

7. Engagement of recovery agents

The bank may utilize the services of recovery agents for collection of dues and repossession of securities. Recovery agents will be appointed as per regulatory guidelines issued in this regard. In this respect

Last Updated on: 29-10-2022 10:23:50 AM

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