Andhra Pragathi Grameena Bank appoints loan recovery agency

Kadapa: Andhra Pragathi Grameena Bank (APGB) appointed Arjun Reddy & Associates as loan recovery agency. This step was taken to strengthen loan recovery process and recover unpaid loans that are more than Rs 2 lakh.

Regional Manager VCK Prasad handed over the appointment letter to managing partner of Arjun Reddy & Associates V Konda Reddy in a programme held here on Friday.

Speaking on the occasion, Prasad advised the bank staff to utilise the services of recovery agency and reach the defined goals. Konda Reddy said that they have agents at various towns of Rayalaseema and they would help the bank branches in loan recovery.

Senior Manager MV Subba Reddy said that the bank is far away from reaching goals in loan recoveries. Senior managers from different departments of the bank Sukumar, Ravikumar and staff of regional bank were present.