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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