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IDBI Bank Launches OTS scheme for retail NPA borrowers to Boost Recovery

Kumari Sonali

IDBI Bank Launches OTS scheme for retail NPA borrowers to Boost Recovery:

IDBI Bank has launched the ‘Sugam Rinn Bhugtan Yojana (SUGAM Scheme)‘, a one-time settlement (OTS)/Negotiated Settlement scheme aimed at recovering non-performing retail loans. The scheme is available to borrowers with outstanding principal between Rs 10 lakh and Rs 10 crore, offering relaxed terms for loans classified as Non-Performing Assets (NPAs) as of March 31, 2021, and continuing through August 31, 2024. The scheme runs from 2nd September 2024 to 25th March 2025.

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