making more tie-ups with Security
or Loan Recovery AGENCIES;
as the PSU Banks are having
manpower shortage and some
other administrative EXIGENCIES.
Based on commission system, the security
agents work quite aggressively
on the recovery PROCESS;
the failure rate of actual
recovery in these cases
is somewhat LESS.
But, in Private Banks,
they go for a permanent
'Recovery Officer' RECRUITMENT;
whose job is to collect
outstanding dues only everyday
under the direct guidance of top MANAGEMENT.
Also, in several cases,
where there is a
legal dispute regarding
bad assets between the
Private Bank and the NPA BORROWER;
any permanent 'Law Officer' of the Private Bank
efficiently tackles the legal case so well, that
the NPA recovery becomes successful
as the Private Bank succeeds in
showing its ultimate legal POWER.
In PSU Banks, the top management
is always looking for
'Jack of all, master of none'
due to manpower SHORTAGE;
but, in Private Banks, specific jobs are
assigned to specialist staffs, and due to
full concentration on the job, the net profits
are high in this modern AGE."- Arindam Sain
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