How Bank Recover Money from NPA Accounts


How Bank Recover Money from NPA Accounts

Whenever any account turned into NPA accounts, bank start hard recovery process with legal actions. In this video i have explain about the various steps that a bank can take against defaulter borrowers.
Some of the action which can be taken by bank are :

1. Issuing Reminder Letter for EMI dues
2. Issueing Legal Notice from advocate
3. Cheque bounce case under NI act section 138
4. Auction of car, home , gold in case of secured loan
5. Filing CIVIL Suit in court for recovery.

Murari Garg
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