SAM鈥檚 policy with regard to recovery of Non-Performing Loans and write-offs is based on the concepts of:
a) Problem identification.
b) Problem resolution.
c) Channelizing Non-performing or high-risk credits into performing and lesser risk credits.
d) Taking coercive recovery measures and recommending write off, as a last resort.
SAM鈥檚 primary functions include the following:
a) Determine Account Action Plan/Recovery Strategy.
b) Negotiate with client for recovery.
c) Recommend necessary Restructuring/Rescheduling and/or write-off/waiver.
d) Regular review of transferred accounts.
e) File recovery suit/liquidation petition and liquidation of collateral in coordination ...
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