Remedial Credit Department
Remedial Credit Department as the name suggests, steps in promptly when any of the accounts gets classified to prop up the asset quality or to effect recovery, as warranted by the situation.
The objective of the Remedial Credit Department is to achieve recoveries / upgradation in Classified accounts and reduction of Non Performing Assets (NPA) in the Corporate Banking Portfolio. The department effectively manages NPAs by closely monitoring them and plans loan loss provisions of the Bank to have overall control. The vigorous follow up and remedial measures like Restructuring, Rescheduling, Asset Sales undertaken by the department, assistance/ advise provided to ARMs of Corp. Credit & Marketing in managing problem exposures results in reduction of NPAs and write-back of Provisions to Income.
Credit Administration
Credit Administration department supports and monitors the lending activities of the Corporate Credit and Marketing Department. It makes available credit limits to client after ensuring that security and documentation formalities have been complied with.
The department maintains the quality of the assets through continuous monitoring of corporate accounts for overdues and exceptions and periodic evaluation of securities. It generates MIS and Exception reports apart from undertaking quarterly portfolio review for the purpose of identification of NPA's. The department is also the custodian for security documents.
|
