Latest News

  • Home
  • National
  • How PNB Expects To Recover 1,800 Crore From "Mission Gandhigiri"
How PNB Expects To Recover 1,800 Crore From "Mission Gandhigiri"
Friday, April 20, 2018 IST
How PNB Expects To Recover 1,800 Crore From "Mission Gandhigiri"

PNB's "Mission Gandhigiri" was launched in May 2017, and it was born out of a need to name and shame defaulters.

 
 

NEW DELHI:  State-run lender Punjab National Bank is expected to recover around Rs. 1,800 crore from its non-performing assets (NPAs) recovery mechanism -- "Mission Gandhigiri" -- which will soon complete one year of operation.
 
A senior bank official told IANS the mission, which was launched in May 2017, had consistently delivered positive results with an average recovery of Rs. 150 crore from the initiative. 
 
"The mission was born out of the need to name and shame defaulters to increase societal pressure and urge them to pay back. "Mission Gandhigiri" has a dedicated recovery team across all circles of the bank," the official, who did not want to be named, told IANS.
 
Accordingly, the passive recovery mechanism entails the team members to "visit the borrowers' office or residence and sit their silently with placards that have hard-hitting messages such as 'It is public money, please repay the loans'."
 
On the legal side of the operation, following the government's directions regarding wilful defaulters, the bank has declared 1,084 wilful defaulters.
 
"Due to PNB's aggressive stance towards wilful defaulters, 150 passports have been impounded over the past few months," the official said. Additionally, over the last 9 months, the bank has also lodged 37 FIRs against defaulters.
 

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
Here is the full list of 827 porn websites banned by the DoT

While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content. ...

Recently posted . 61K views . 1 min read
 

 Article
Class XII Boys Raped 16-Year-old in Dehradun School After Watching Porn on Phone: Police

The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...

Recently posted . 8K views . 1 min read
 

 Article
Sept 27,2001 Rahul Gandhi and his girl friend Veronique,was arrested in Logan airport in Boston

Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million. Rahul and his girl friend was th...

Recently posted . 7K views . 7 min read
 

 Article
TOP 10 GYM EQUIPMENT BRANDS IN INDIA 2017

True – Tr...

Recently posted . 6K views . 83 min read
 

 
 

More in National

 Article
Google Maps to soon add video reviews

  Google is working on a new feature for its Google Maps. The company is planning to include video reviews with its “Local Guides”...

Recently posted. 944 views . 4 min read
 

 Article
WhatsApp features that you may still not be aware of

For those who may have missed them, here is a rundown of the recent WhatsApp features.

Recently posted. 803 views . 0 min read
 

 Article
2018 Isuzu MU-X facelift SUV launch price Rs 26.26 lakhs and Rs 28.22 lakhs

Jonty Rhodes was present with his family at the launch event in Hyderabad today. Rhodes is the brand ambassador of Isuzu India.  

Recently posted. 869 views . 1 min read
 

 Article
Now you can make insurance claims on WhatsApp

Customers can now use WhatsApp to file claims with the Bharti AXA Life insurance.

Recently posted. 750 views . 0 min read
 

 Article
Ola to launch self-drive service, to invest $500 million

Ola to deploy nearly 10,000 cars, including luxury sedans and SUVs, in major cities in the coming months.  

Recently posted. 746 views . 0 min read
 

 
 
 

   Prashnavali

  Thought of the Day

मेहनत करे तो धन बने, सबर करे तो काम... मीठा बोले तो पहचान बने, औऱ इज्जत करे तो नाम ।
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top