Bank says it will use the services of detectives to locate the borrowers, including their legal heirs, in or outside India
Punjab National Bank (PNB). (File Photo: IANS)
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”.
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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.
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The bank said it would use the services to locate the borrowers in or outside India including their legal heirs.
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