Develop and implement strategies to manage relationships with clients whose accounts are classified as NPLs.
Work closely with NPL clients to understand their financial situation, negotiate restructuring or settlement options, and minimize the overall loss to the Bank
Coordinate and facilitate audits and inspections for NPL accounts, including those conducted by statutory auditors, internal auditors, and the RBI.
Ensure compliance with regulatory requirements and internal policies during audits.
Prepare regulatory and internal MIS submissions related to NPL accounts, ensuring accuracy and timeliness of submissions for external and internal stakeholders
Client monitoring: Regularly monitor borrower accounts, track developments, and update relevant stakeholders on the status of each account, ensuring proactive issue resolution and minimization of risk.
Legal recovery process: Initiate and manage legal actions in accordance with recovery laws, including filing cases under applicable laws to recover dues. Coordinate with external law firms to represent Bank in various Courts and Tribunals, ensuring timely and effective legal proceedings.
Resolution of NPL cases: Managing resolution for NPL cases by appraising and evaluating resolution proposals, and ensuring all related documents are thoroughly scrutinized. Seek approval from competent authorities for the resolution, ensuring full compliance with organizational guidelines and regulatory requirements.
Internal & External Reporting: Collaborate with internal teams and the Head Office to prepare and maintain accurate SAM MIS for reporting purposes. Ensure timely, accurate, and comprehensive internal and external reporting.