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Syndicate Bank offers one-time settlement
Syndicate Bank offers one-time settlement. In a bid to bring down NPA levels, the Syndicate Bank is planning to organise \'Bruhat Synd Adalat\' across Andhra Pradesh and Telangana on June 9.
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Hyderabad: In a bid to bring down NPA levels, the Syndicate Bank is planning to organise 'Bruhat Synd Adalat' across Andhra Pradesh and Telangana on June 9.
The adalats will be organised to facilitate one-time-settlement for the customers across all the bank branches in both the states, the bank told in a release on Friday.
The Scheme is open to all categories of borrowers Viz., Agriculturists, Business People, Employees, Education Loans, Shop keepers, Auto rickshaw People etc, the release said.
Under the scheme, the bank will offer Interest concessions to reduce the repayment burden of the NPA borrowers. Accordingly the NPA borrowers can avail this opportunity and close their liabilities by approaching their respective Branches, the bank said.
