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  #2  
14th November 2015, 12:28 PM
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Re: Union Bank of India OTS

Hello buddy I want the details of Union Bank of India One Time Settlement Scheme, so please provide for this scheme?
  #3  
14th November 2015, 12:28 PM
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Join Date: Apr 2013
Re: Union Bank of India OTS

Hello, One Time Settlement Scheme For The Mse Sector Effective From 29.06.2009

The Board approved Bank’s Policy on compromise settlement include non discretionary one time settlement scheme for recovery of loans in MSE Sector which are either in NPA or in shadow Register is furnished


1.For outstanding balance upto Rs.1.00 lac and for accounts under government sponsored scheme having outstanding balance upto Rs.5.00 lac

2.In all other NPA/Written off accounts under non-government sponsored scheme/ non priority sector with outstanding ledger balance upto Rs.5.00 lac

MSE Loans Other than MSE Loans
Sub-standard 100% of ledger balance 100% of ledger balance

Doubtful for
less than 1 year 70% of ledger balance 80% of ledger balance

Doubtful for 1
year to less than 3 years 60% of ledger balance 70% of ledger balance

Doubtful for 3 years & above 50% of ledger balance 60% of ledger balance

Loss Assets 30% of ledger balance 40% of ledger balance
Written of A/cs 25% of ledger balance 30% of ledger balance

Address
Union Bank of India
Head Office
11 Hemant Basu Sarani
Kolkata – 700001


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