Financial Daily from THE HINDU group of publications
Tuesday, Feb 05, 2002
Financial Daily from THE HINDU group of publications Tuesday, Feb 05, 2002 |
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Money & Banking
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Non-Performing Assets Canara Bank recovery drive takes off Our Bureau
COIMBATORE, Feb. 4 CANARA Bank's `Can Adalat' has got off to a good start. In the last month, cash recovery by the Madurai Circle alone had crossed the Rs 30-crore mark, the Deputy General Manager and Madurai Circle Head, Mr J.S. Vasan, told Business Line. Stating that `Can Adalat' was similar to the one-time settlement (OTS) scheme introduced by the Reserve Bank of India last year, he said the scheme had received an overwhelming response, but added that its success depended on the time schedule. Besides such recovery camps, the bank was on an aggressive drive to improve its credit offtake. It has been organising `traders' meets' in several places to apprise the trading community of the different schemes on offer, besides eliciting their views on improving services.
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