Induslnd Bank invites online application for the post of Manager (FRR).
Name of the Post: Manager (FRR)
Essential Qualification and Experience
- A Degree in MBA/CA/LL.B. with minimum 7 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.
- Note writing skills for seeking necessary approval from committee regarding settlements, debt restructuring, and approval of resolution plans.
- 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.
Roles & Responsibilities
- 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.
How to apply?
- To apply online, click here
To Access Official Notification, click here