Website Indusind Bank
Role:
Manager – Corporate Recovery, FRRG – Mumbai
– Experience in managing corporate borrowers admitted to NCLT and active participating in resolution under IBC framework.
– Ensuring restructuring of viable stressed accounts under different restructuring mechanism of RBI.
– Active participation in preparation of restructuring plan/resolution strategy, ensuring maximum recovery for the bank.
– Recovery of NPA through legal proceedings i.e. initiation of SARFAESI action, DRT etc.
– Working out onetime settlement with borrowers.
– Transferring of stressed cases to Asset reconstruction companies.
– Conducting meeting advocates and council, decide the path of recovery and accordingly initiate necessary actions.
– Coordination with various external agencies such as Economic offence wing (EOW), Enforcement Directorate (ED), SFIO w.r.t fraud borrowers.
Required Experience:
– Minimum 10 years of experience in handling NPA/Stressed corporates having exposure above Rs. 50 Crs. Candidate should have experience in managing NPA/Stressed exposure of large corporate/Mid Corporate/SME/Real Estate/Financial Services segment etc. Experience in handling NCLT cases/ DRT matters/ Debt Restructuring/OTS.
Skill required:
– Note writing skills for seeking necessary approval from committee regarding settlements, debt restructuring, and approval of resolution plans.
– Have dealt with ED, EOW & SFIO agencies.
– Drafting of legal notices, replies related to litigation from the borrower.
– Vetting of legal documents such as NCLT application, recovery suits before DRT.
– Conducting SARFAESI actions including physical possession of the mortgaged property.
Qualification – MBA/CA
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