Security Repossess Policy

This document explicitly states the model code for Recovery of Loan Dues and Repossession of Security. This is a non-statutory code issued on voluntary basis. This model code will apply to Tamilnad Mercantile Bank Ltd. from the date it is circulated viz February 2007.

Information published in the Document:

  • Preamble.
  • Applicability.
  • Introduction.
  • Loan Recovery Policy.
  • Security Repossession Policy.
  • General Guidelines.
  • Grievance Redressal Cell.

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