TODAY -
Bank of Baroda to take action against defaulters
Source: Hueiyen News Service
Imphal, September 07 2011:
Bank of Baroda, imphal Branch has taken initiatives to take stern action against defaulting borrowers.
The bank has also started filling Debt Recovery Tribunal (DRT) cases in Imphal and has started conducting several Lok Adalats.
The Imphal branch of the bank has also started taking action under secularization and reconstruction of financial assets and enforcement of security assets ACT 2002 (SERFAESI Act) .
As the bank is in the process of attachment of salaries of borrowers and guarantors, the bank shall observe special recovery period under SANKALP 4 from September 9 to 16 at its Imphal branch.
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HEADLINES - 08, SEP 2011
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