Excelsior Correspondent
JAMMU, Aug 28: J&K Grameen Bank is starting a state-wide loan recovery drive for reducing its non-performing assets (NPAs) by the end of September. The drive will start from September 1 and will continue till September 15.
Chairman JKGB Janak Raj Angural advised all the defaulters of the J&K Grameen Bank to settle their loans as early as possible to improve their credit score so that they can easily avail any benefits from the bank.
General Manager JKGB, Romesh Vaid informed that the Bank will prepare a list of defaulters, who seemed to be in a position to pay back their loans to the bank but didn’t pay even a single installment. Under this drive, the strict action will be taken against the defaulters, he added.
Bank has already seized many vehicles under the ongoing recovery drive and defaulters are advised to settle their default loan cases at the earliest else the Sarfaesi Act may be imposed for settlement of their default accounts.
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