Experience : Experience in Banking/ARC/NBFCs for 4+ years.\
Knowledge of loan agreements, security documents, title deeds etc. understanding of recovery litigation's before DRT, DRAT, SARFAESI proceedings, winding up proceedings etc. Proficiency of financial statement analysis.
MSME & Secured Retail (Resolution) senior Manager is responsible for formulation and execution of the resolution plan for the financial assets. He/She is responsible for direct negotiation with borrowers.
Enforcement of Security Interest under SARFAESI (issuance of demand notice, possession notice, taking possession, conduct of sale of assets by auction/bilateral sale etc. taking CMM/DM assistance for taking over physical possession etc.)
Support in settlement/negotiations with borrowers/guarantors to ensure early resolution, monitoring of settled accounts.
Conduct of litigation before DRT/DRAT/High Court/Supreme Court. etc.(coordination with advocates, briefing of advocates ensuring service of notices etc.)
Formulate Resolution Plans, revival strategy of the distressed units (appraisal of business plans for revival of distressed units)