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Syndicate Bank creates separate vertical to recover NPAs

16 Jan 2019 Evaluate

Syndicate Bank has created a separate vertical comprising around 1,200 of its existing staffers to recover its non-performing assets (NPAs) amounting to around Rs 27,000 crore.

The 'Stressed Asset Management (SAM)' vertical would comprise legal as well as credit experts who would help branch managers to device plans to recover dues from NPAs, including large corporates.

Syndicate Bank is one of the oldest and major commercial banks of India.

Peers
Company Name CMP
State Bank Of India 958.10
PNB 116.80
Bank Of Baroda 236.00
Canara Bank 119.50
Union Bank Of India 172.30
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