The Credit Administration Department of the bank is responsible for managing and ensuring compliance with various credit-related processes. The department oversees credit documentation, including different types of documents and the guidelines and regulations associated with them. Additionally, it handles credit administration activities such as inspection, valuation, revaluation, insurance, and monitoring of assets, as well as processes related to hypothecation, pledges, mortgages, CIC synchronization, loan classification, and provisioning.
The department also deals with credit refinance and subsidy disbursement, including portfolio insurance with DICGC, refinancing of loans, and interest subsidies in subsidized loans. Moreover, it focuses on the recovery and management of problem loans, involving credit strategy formulation, early warning signal assessment, restructuring, rescheduling, NPA and NBA management, blacklisting procedures, and legal recovery processes.
