The main job of the division is devoted to reduce and/ or adjustment of Bank’s NPI Assets and for better management of classified liabilities adopting advanced, specialized tools and mechanism including initiating legal procedures to arrest deterioration of assets and speed up recovery of writing-off investment.
The division is maintaining continuous & vigorous contact & strong monitoring for recovery with the branches having NPI Assets & also established direct contacts with the clients to recover NPI dues outside of the Court.
The division also processes all the related issues like negotiations for settlement outside of Court, Written-off and Rescheduling for better result of reducing the classified investments.
Mean while, the division successfully reduced Bank’s NPI Assets to 3.75% in 2001 comparing 4.49% in the year 2010 and shows the level of efficiency in portfolio management and successful drive towards recovery of NPI Assets and total cash recovery against Classified. Rescheduled and Written-off investment to satisfactory level. The division is expected to achieve a better position through concerted efforts in reducing the classified investment and recovery off the Written-off investment in the year 2012.