# India

PNB to hire detective agencies for recovering NPAs

Bank says it will use the services of detectives to locate the borrowers, including their legal heirs, in or outside India

IANS | New Delhi | April 26, 2018 9:47 am

PNB to hire detective agencies for recovering NPAs

Lender Punjab National Bank (PNB) is set to hire detective agencies to supplement the efforts of its field officials in recovering its dues that have become NPAs (non-performing assets).

The bank through its website invited “applications for empanelment of Detective Agencies for the period 2018-2019”.

According to the lender, the policy aims to significantly supplement efforts of its field officials in recovering the bank’s dues in NPA accounts by utilising services of the detective agencies.

The bank said it would use the services to locate the borrowers in or outside India including their legal heirs.

# Business

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# Business

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# India

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