[nilesh]

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Hello sir, is there any one can give me here notification for Punjab National Bank project on Recovery Agent Agency Functions?

[prince karak]

The Punjab National Bank is working on Recovery Agent Agency Functions. This project gives an idea about the Debt Recovery Process and Collection Process.

Debt Recovery is inseparable from Recovery Agents and Agencies so keeping in mind their vital role this projects highlights their duties, functions etc as well.

For understanding the exact recovery methods in banking industry, the modes of recovery and Debt restructuring in Punjab National Bank is also been included.


Objectives:

To study the Debt Recovery and Collection Process of Banks
To study the importance of Debt Recovery Agents and Agencies in respect of recovery
To study Non Performing Assets in a brief

Scheme:
Introduction
Debt Recovery process and Process for Tribunals
Debt Recovery Agents and Agencies
Punjab National Bank
Conclusion and Suggestions

Commission:

For NPA accounts (suit filed/non-suit filed/decreed) Age of NPA Commission payable on amount of recovery For Suit Filed/Non-Suit Filed A/Cs For Decreed For A/Cs with O/s A/Cs

upto Rs 1 lac For A/Cs with O/s above Rs 1 lac
Upto 3 years 7.5 % 5.0 % 5.0%
Above 3 years upto 5 years 10.0 % 7.5 % 7.5%
Beyond 5 years 15.0 % 10.0 % 10.0%



Here is PDF of notification for Punjab National Bank project on Recovery Agent Agency Functions: