TODAY -
IUCB launches loan recovery drive
Source: The Sangai Express
Imphal, July 16 2012:
In an attempt to recover loan from loanees of Imphal Urban Cooperative Bank, a Speedy and Effective Loan Recovery mission was launched today by the bank under the supervision of the Bank Loan Committee Chairman, RK Mombisana.
Flagging off the mission today at the MG Avenue office of IUCB, RK Mombisana said the mission has been launched to ensure effective recovery of loans.
The recovery drive would be effectively enforced with the cooperation of the Board of Directors, General Manager, DGM, AGM, Branch Manager of the Recovery Cell and staff of the IUCB, RK Mombisana said while adding that there are around 16 crore over due loan amount till date.
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He urged the loanees to avail more benefit from the bank, which has a reputation among the cooperative banks of the country and RBI, while appealing the loanees to repay the loan on time.
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