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After the implementation of prudential norms and asset
classification recommended by Narasimhan committee report,
the management of Non Performing Assets has become a major
task for banks and financial institutions. The gross NPA
of almost all the banks are about 5% of the total
advances, though they manage to keep the net NPA below 1%
by giving adequate provisions. In real terms more than one
Lakh Crore of Rupees is reported as NPA in the banking
sector as a whole and it is under different modes of
recovery process. Care Connections (P) Ltd. is attempting
to attack the mounting NPA of banks and financial
institutions through various methods. |
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LEGAL & RECOVERY |
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Care Connections (P) Ltd renders its service to the
financial sector by helping them to recover their
impaired assets by unearthing the whereabouts of the
delinquent borrowers, guarantors and also their assets
and also executing recovery by various means including
execution of recovery under SARFAESI act. The company
is empanelled by many of the public and private sector
Banks & Financial Institutions to render their
services. Company also undertake the required legal
compliance such as issue of legal notices and its
follow up actions, legal drafting, scrutiny of
documents verification of encumbrances and charges
over property etc. |
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