This project gives an idea about the Debt Recovery Process and Collection Process. DebtRecovery is inseparable from Recovery Agents and Agencies so keeping in mind their vital rolethis projects highlights their duties, functions etc as well. For understanding the exact recoverymethods in banking industry, the modes of recovery and Debt restructuring in Punjab NationalBank is also been included.
Importance Of Study:
As we all know growing percentage of Non Performing Assets is a big concern for modern as well as traditional financial institutions. If recovery is been made effective thencertainly it will reflect positively on reducing percentage of NPA’s. So recovery management, beof fresh loans or old loans, is central to NPA management. Thus qualified recovery personals is a prime need of the banking industry.
:1)To study the Debt Recovery and Collection Process of Banks.2)To study the importance of Debt Recovery Agents and Agencies in respect of recovery.3)To study Non Performing Assets in a brief.
Limitations of the study:
As Punjab National Bank is second largest public sector bank in India, its operations arevery vast so due to time and cost constrains it was not possible to visit each and every branchoffice of the bank for collecting primary information.Also due to space restrictions it was not possible to cover entire available secondary data.