IDBI Bank Launches One-Time Settlement (OTS) Scheme for Retail Non-Performing Asset (NPA) Borrowers to Boost Recovery.

Banking & Finance

IDBI Bank has introduced a One-Time Settlement (OTS) scheme aimed at retail borrowers classified as Non-Performing Assets (NPAs). This initiative is designed to enhance recovery rates by allowing these borrowers to settle their dues in a single payment, thereby easing their financial burden. The bank hopes that this scheme will encourage borrowers to clear their outstanding loans, improving their credit profiles and restoring their access to credit facilities. The OTS scheme reflects IDBI Bank’s commitment to supporting its customers while also addressing the challenges posed by NPAs in the banking sector.


      IDBI Bank aims to reduce its NPA ratio through this scheme, helping borrowers regain financial stability.

      The OTS scheme is expected to improve the overall health of the banking sector by minimizing bad loans.

     

 

     


About IDBI Bank,

CEO : Rakesh Sharma
Headquarter : Mumbai
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